2016 has been most unkind to big bankers; no matter where they work, chances are their company's stock is down for the year.
Now Washington regulators are rubbing a little salt into the wound. The Department of Justice filed antitrust lawsuits that may result in the blocking of not one, but two proposed mega-healthcare mergers — Anthem-Cigna and Aetna-Humana — and should those combinations be killed, that would mean that the global volume of blocked mergers and acquisitions is about to hit an all-time high.
Not counting those healthcare transactions, there have been 590 mergers withdrawn globally so far through July 20, totaling more than $633 billion, according to Dealogic, a firm that tracks M&A stats. Add in the value of the Anthem-Cigna and Aetna-Humana deals ($54 billion and $34 billion, respectively), and that number shoots to more than $700 billion, the highest year-to-date total on record. Dealogic stats track back to 1995, but it's unlikely that there ever was a year where more M&A was killed.