JP Morgan will return to the top of the global equity capital market rankings after revealing a $10bn (â¬6.8bn) capital raising this morning, just one day after US rival Goldman Sachs usurped it as the leading ECM bank with its own multi-billion dollar stock offering.
JP Morgan, which yesterday revealed it will acquire troubled US savings bank Washington Mutual, will work as sole bookrunner on the share sale and take the total value of its ECM activity this year to $58bn.
