Markets sink but M&A pushes ahead

It’s been a terrible few weeks for the markets, but some on Wall Street have won on the M&A front.

According to Thomson Reuters latest rankings, Citigroup is in second place for the year so far advising on $251 billion of deals, as opposed to fifth place this time last year.

Dealogic figures put it at number three, up from number four last year.

Recent Citi advisory roles include Ashland’s $3.3 billion purchase of Hercules, Dow’s $18.7 billion purchase of Rohm & Haas and advised Anheuser-Busch in the saga with InBev — whose amended offer to purchase Bud now stands at $59.6 billion.

Perhaps revamps to its banking are having a speedy impact?