Recovery in investment banking activity likely to continue into 2026 amid positive macro environment

Recovery in investment banking activity likely to continue into 2026 amid positive macro environment

November 30, 2025 / Swedan Margen /


[SINGAPORE] Improved macroeconomic conditions have led to a recovery in investment banking activity across Asean this year – and bankers expect the momentum to continue into 2026.

Interest rates eased in 2025, after the US Federal Reserve cut interest rates twice in the year to date.

This has lowered the cost of capital, revived confidence and made refinancing, expansion and acquisition plans more feasible, said Clifford Lee, global head of investment banking at DBS.

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Swedan Margen

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