banking and capital markets
January 10, 2013
Top Rainmakers Win Big Rewards in a Challenging 2012
M&A didn’t make the 2012 comeback that some had expected. But the bankers featured in II’s Rainmakers of the Year still had plenty to celebrate.
Deals of the Year
Six Other Notable Transactions of 2012
Blame it on Europe's endless recession, the U.S.'s shaky condition and Asia's lack of ignition: After the previous year's modest rise, 2012 didn't bring a hoped-for resurgence in mergers and acquisitions. Year-to-date through November 30, global M&A deal volume stood just shy of $2.4 trillion, according to Dealogic, a 14 percent drop from 2011. When it came to fees, M&A bankers had even less reason to cheer, as revenue plunged 21 percent, to $16.08 billion. Given those numbers, no wonder Citigroup just cut 150 jobs from its trading and investment banking unit as....