"It looks to us like a decelerating (M&A) market," Citigroup M&A chief Mark Shafir tells...

|By:, SA News Editor

"It looks to us like a decelerating (M&A) market," Citigroup M&A chief Mark Shafir tells CNBC, not believing corporate managements can't find anything better to do with their cash other than buybacks. "There's not a lot of risk preference in the boardroom." There's not much expectations-wise at Citigroup for M&A, but at Goldman (GS) and Morgan Stanley (MS) it could be a different story.