Goldman Sachs has reclaimed its crown as the world’s leading mergers and acquisitions adviser for the first nine months of the year, replacing US rival Morgan Stanley at the top of the global rankings.

The US investment bank, which yesterday received a $5bn (€3.4bn) investment from billionaire stock-picker Warren Buffett, has taken the top ranking at the end of the third quarter up from second at the same point last year, according to Thomson Reuters.