M&A volume down 40% according to Reuters
For the individuals throwing stones at CS, WB, and other banks doing layoffs. They might have just been early…time to cut your personal expenses if you can.
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Down 40% from 2022 (a down year) is rough
My hope is this translates to pent up demand for m&a in H2 2023
And I remember people saying 2023 is looking good lots of stuff in the pipeline back at the end of 2022. Markets can change a ton in such a short time period
It's because Q1 of 2022 was still "high" when the fed started raising rates so volume was still trickling down from 2021.
Not saying you shouldn't cut expenses and be more conservative, but I can't see volume being down 40% for the whole year.
http://graphics.wsj.com/investment-banking-scorecard/
Here’s where you are right and wrong:
There are too many people in tech, too many people in industries that service it, and too many people in IB.
And definitely way too many people in tech IB
Yeah, but most banks weren’t profitable because of selling tech companies, CS and WB were just dumb.
Lol
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