M&A Slowdown is 'Totally Understandable': Citi's Shafir
October 14, 2011 at 13:46 PM EDT
"It's still about confidence [at] the board and CEO level. Obviously, the challenge is in Europe, our own deficit issues, issues in China. All this stuff has created a macroeconomic environment that makes things a lot more difficult, and created a lot more uncertainty," said Mark Shafir, co-head global M&A at Citigroup