Citigroup Sees Dealmaking Slump Easing in Wake of Debt-Limit Deal

Citigroup Inc. has begun to see signs of a rebound in investment banking, with an agreement to avert a US debt default poised to further boost deal volumes.

The company had already begun to see a pickup in both investment-grade debt and equity underwriting, Tyler Dickson, co-head of Citigroup’s banking, capital markets and advisory unit, said Tuesday in a Bloomberg Television interview. The Wall Street giant has also seen an increase in merger activity as well as leveraged finance, where borrowers have seized on reduced volatility in markets and pent-up investor demand to do deals.