LONDON (CU)_Since the beginning of this year, equity capital markets have been on a bumpy ride as a result of several factors, including Russia’s invasion of Ukraine, sluggish IPO markets and declining in investor confidence amid tightening monetary policies. During the three months which ended on 31 March, ECM volumes in North America plunged 86 per cent to $US33 billion, while in Europe, it was down 77 per cent to $US19 billion and North Asia, down 50 per cent to $US53 billion, according to financial markets platform Dealogic. However, taking a longer-term perspective, the firm’s league tables show how European investment banks have slipped into obscurity over the past decade.
In terms of volume of deals, not a single European investment bank…
