Boutique banks grab a slice of the M&A action

Boutique banks grab a slice of the M&A pie: The rise of “boutique” banks, many of which have been founded by former big-bank employees nostalgic for the old ways of banking after post-financial crisis regulatory reform, has substantially changed the M&A landscape over the last 10 years, says this FT video (watch, runtime: 01:59). In the early 2000s, the top five mega banks took home about 50% of M&A fees, while boutiques accounted for just 15%. Their share of the M&A pie has risen dramatically since then, now accounting for some 30-35% of the market.