Wall Street saw the slowest October for equity capital markets since the month after the 9/11 attack. Only $1.6 billion was raised in 31 issuance, according to Deal Logic. Arguably, this month was worse than October 2001, when 78 deals were completed.
The IPO League Tables are a pretty pathetic sight right now. Citi sits on the top of the heap league with $4.9 billion. Two Swiss banks, UBS and Credit Suisse, are in second and third places, with $3.8 billion and $3.7 billion respectively.
The debt markets are even worse. For the seventh week in a row, the debt capital markets remained frozen with no new issuances this week. Let’s not even talk about league tables in bonds.
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