I-Banks Jockey for Position

As a blockbuster year for M&A activity ends, investment banks scramble for their place on the annual league tables

Rest assured, no one on Wall Street starved last year. It was the biggest year ever for mergers and acquisitions, with global deal volume surging 33%, to just shy of $4 trillion, according to a preliminary late-December tabulation by researcher Dealogic (see BusinessWeek.com, 12/19/06, "Deals of the Year, in a Year of Deals"). But that doesn't mean that firms aren't hungry for a higher slot on the rankings of the biggest dealmakers.

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