In a record 12 months for M&A volumes, the big US banks dominated the revenue and volume league tables in Europe while, as usual, Rothschild advised on a higher number of transactions than any other firm.
Goldman Sachs led the overall regional league tables from Morgan Stanley, although it was nip and tuck country by country in 2021. Goldman topped the tables in the UK, Germany and the Nordics; Morgan Stanley edged ahead of it its great rival in France, Spain and Italy.
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