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City’s top bankers say dealmaking will bounce back in 2023 — but only slowly

Financial News asks some of the leading lights in banking if the deal boom will return next year

Despite a turbulent year for dealmaking, there is plenty of optimism about the coming 12 months
Despite a turbulent year for dealmaking, there is plenty of optimism about the coming 12 months Photo: Dan Kitwood/Getty Images

As 2021 drew to a close, few senior dealmakers could see an end to the boom that drew a record $130bn in fees.

Bonuses soared to levels last seen in the pre-crisis heydays of 2007. Long hours to keep up with demand took their toll.

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