YTD League Tables
It's been a while since we've had league tables posted, so here's the YTD global league tables
For reference here's FY2021's league tables
Some notes:
- The power of a balance sheet is clear on the league tables. For all you prospects, this is why league tables are inaccurate. We have BNP Paribas and Wells Fargo, two banks that don't have strong M&A franchises, dominating the league tables this year because they've been able to get their name in the advisory credits for a bunch of mega-deals when it's really just their corporate bank's financing relationships.
- The $60 billion HDFC mega-deal which included more than a handful of advisors on both sides really affected the league tables. Of the major banks, Moelis, CS, and Jefferies really benefited from the deal, and you also see a bunch of local Indian banks towards the bottom of the T30 league tables that were also on the deal that have shot them up the league tables significantly.
- The number of deals getting done is down significantly as you'd expect, but mega-deals have still been getting done and saving the overall deal value somewhat.
Don't forget that EB and MMs aren't accurately represented because a huge chunk of their advisory deals are undisclosed due to the companies they work with.
M&A isn't everything and many people don't care about M&A or advisory. More things to investment banking than that, so BNPP and WF do deserve their top spots
Oh woop de doo, look at all the WSO terrorists out in full force with their monkey shits
Nobody gives a shit if you're active right or passive bookrunner on a million DCM issuances because your corporate bank has $2 trillion in assets. Those fees aren't IB fees, they're tips to the corporate bank.
Be honest
How does it make you feel that people in Cap Markets make the same as coverage, and work half as much?