March 21, 2014 / 1:01 PM / 4 years ago

Worldwide financial sector M&A down 14 percent in 2014: data

LONDON (Reuters) - Worldwide financial sector merger and acquisition (M&A) activity so far this year is down 14 percent on a year ago, its slowest period for deal-making in two years, Thomson Reuters weekly data showed on Friday.

A worker looks at his phone at the Canary Wharf business district in London February 26, 2014. REUTERS/Eddie Keogh

Year-to-date deal volumes in the financial sector were $43 billion, the data shows, lifted by Mercuria Energy Group’s $3.5 billion purchase of JPMorgan’s (JPM.N) physical commodities business this week, but still behind the $50.1 billion in deals announced in the same period last year.

Reporting by Clare Hutchison; Editing by David Goodman

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