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‘A dam has to burst’: Europe’s top dealmakers bank on 2024 recovery from slump

Bankers are hopeful a more steady macroeconomic climate will see activity return

Senior executives say deal activity will return in 'fits and starts' rather than make a linear recovery
Senior executives say deal activity will return in 'fits and starts' rather than make a linear recovery Photo: Mario De Meyer for FN

Europe’s top dealmakers are predicting that investment banking activity will rebound in 2024, following two years of depressed fees that have forced them to cut jobs and slash pay.

The message from bankers leading the European dealmaking divisions of the world’s biggest investment banks is one of “cautious optimism” for more M&A and capital markets activity next year after the prolonged and painful slump.

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