There was an expectation earlier in the year that 2010 would be a very strong M&A (mergers and acquisitions) year. Some would say, so far, things have been disappointing. Others point out, it has gained steam.
"Now you are starting to see a pick up in deal activity, M&A is up 39 percent this year," Stefan Selig, executive vice chairman of global corporate investment banking at Bank of America Merrill Lynch, told CNBC on Thursday.
"The pick up in deal activity will be gradual to mirror the overall economy, Selig said.
On the other hand, private equity deals have been twice as active as they were last year—$90 billion dollars in deals year-to-date, he said.