Bulge abates but consolidated ECM league tables continue
The banks outside the bulge bracket worked hard in 2013 to ensure that the year's record ECM volume didn't all go to the large firms, reducing their hold on the league tables for the first time in years. But most of the dominant firms held onto their strong league table position, with some notable exceptions.
By Andrew Griffin
13 Jan 2014
In 2013, the top 10 banks accounted for 67.83% of total issuance volumes, against 67.02% the year before. That reversed recent years' trend of increasing consolidation at the top of the league tables.
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