Some of the top dealmakers in the City are predicting a rebound in M&A activity next year fuelled by pent up demand from private equity firms and increased political stability. 

While expectations of a rapid resurgence in investment banking fees in 2024 have turned out to be relatively muted, bankers leading the dealmaking teams of top firms in the City told Financial News that reduced inflation, stable interest rates and pent-up demand from companies for deals are among the factors that could lead to a real recovery next year.