Report
Investment Banking Update (FY'21)
This report reviews investment banking performance in FY2021, a record-breaking year for global capital markets and dealmaking activity. Global M&A volumes reached an unprecedented USD 5.9 trillion, surpassing the previous record set in 2007, driven by abundant liquidity, low borrowing costs, accommodative monetary policies, and strong equity market performance. Easy access to financing encouraged companies to pursue large strategic acquisitions, with the technology, financial services, and industrial sectors accounting for approximately 44% of total deal value. The debt capital markets also experienced exceptional activity, surpassing USD 10 trillion in issuance for only the second time in history as companies took advantage of favorable financing conditions. Overall, FY2021 was marked by
