Could 2021-2022 be strong years for IB?
Could 2021-2022 be strong years for IB? My thinking is because right now there is continuous low deal flow for the next several months as the market is down and there is uncertainty over the coronavirus, owners who may want to sell are are waiting to see what happens. Next year, we'll know how much this virus is going to affect us, people are going to start going out again and spending money, and businesses with cash may take advantage of markets still being lower than they were at the beginning of this year. Maybe this is why Citi gave 100% FT offers and why other strong banks may continue with the regular 80-90% return offer rate.