Back to Zoom: Omicron weighs on investment bankers’ hustle

Published by
Reuters

By Anirban Sen and David French (Reuters) – Investment bankers who rushed to court clients in person after COVID-19 vaccines became available last year have been forced to cancel such gatherings at the start of 2022 as the Omicron variant rages. Bankers say the impact on dealmaking will not be as severe as 2020, when the pandemic started and global mergers and acquisitions (M&A) activity fell to a three-year low. They expect the new surge to be short-lived and they have become accustomed to putting together deals virtually through online platforms such as Zoom. Some fret, however, about losing…

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