Underwriting activity of US G-Sibs topped $3 trillion in Q3
Systemic US banks underwrote $3.16 trillion of debt and equity in the 12 months to end-September, an increase of 41% on the year prior.
However, the rate of growth declined sharply over Q3. The quarter-on-quarter change in total underwriting was 8%, compared with 15% between Q1 and Q2.
JP Morgan has underwritten the most over this period, accounting for $693.4 billion, an increase of 43% on the 12 months ending September 30, 2019.
//Goldman Sachs conducted the most equity underwriting by
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