Lipton, Altman See Slow Recovery in Financial System

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The financial system is in a slow state of recovery, and a pickup in takeovers will require more confidence in the U.S. economy, according to Evercore Partners Inc. Chairman Roger Altman and M&A lawyer Martin Lipton.

“The U.S. has a lot of work to do,” Altman said in a panel discussion at the Bloomberg Dealmakers Summit in New York today. “It will take a long time for final demand to improve.”