This year has not been a great one for investment banks from a deal-making perspective. Corporate mergers and acquisitions, alongside initial public offerings (IPOs), have been limited. And Wall Street bankers have faced a degree of uncertainty stemming from what the final Basel III rules will look like.
The influence they might have on lending and capital markets activity at the biggest US banks was mentioned several times by keynote speakers at the Financial Times and The Banker’s Global Banking Summit.