Canadian equity issuance dropped sharply in 2022, and debt down too
As capital markets froze, M&A dried up and bank revenues dropped
Equity issuance plunged and debt offerings dropped in 2022, Refinitiv reported
Equity market activity and corporate debt issuance tumble in first nine months of 2022
Declines in underwriting, M&A drive 32% drop in fees, Refinitiv reports
Debt underwriting down too, led by a plunge in high-yield offerings
SEC settles with three underwriters and charges a fourth over municipal bond deals
Conflicts involving SPACs needed more transparency, regulator alleged
Equity, debt issuance drop, sustainable M&A holds up
RBC and BMO remain among top 25 as global fees slide