Investment Banking

Wall Street banks are crushing European rivals in $128bn deal boom

A record deal boom has played into the hands of larger Wall Street banks

Investment banks headquartered in the US took 57.2% of the global fee pool in 2021, which is their biggest ever share
Investment banks headquartered in the US took 57.2% of the global fee pool in 2021, which is their biggest ever share Photo: Michael Nagle/Getty Images

Top Wall Street banks took their biggest ever share of the dealmaking fee pool from their European rivals last year as revenues swelled to a record $128bn in 2021.

US investment banks stretched their lead over European competitors in a year when mergers and acquisitions and equity capital markets activity spurred the hottest ever streak for dealmakers.

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