"As Netflix and Paramount fight for control of the media giant, eight of 2025's top 20 investment bankers are advising one side or the other - an unusually high concentration of firepower around a single, still-unsettled transaction. After a sluggish stretch for M&A that's recently turned around, the impact this one megalithic deal could have on the coffers of the banks involved shouldn't be taken lightly."
"Nine are on the list for the first time. Two are from Wells Fargo, a feat for the retail-first lender that has only recently made competitive inroads in investment banking, and is primed for growth after the government last year lifted a strict asset cap tied to Wells' fake-accounts scandals. The firm clinched a major 2025 win when it became Netflix's primary advisor on its proposed takeover of Warner Bros. Discovery."
Business Insider partnered with MergerLinks to identify North America's top 20 M&A bankers for 2025 based on overall transaction value. The list includes nine first-time honorees and two bankers from Wells Fargo, reflecting the bank's recent inroads after a lifted asset cap. A single contest for control of Warner Bros. Discovery has enlisted eight of the top 20 bankers, concentrating significant advisory firepower. Dealmakers negotiated transactions into the tens of billions, contributing to a renewed M&A boom after a sluggish stretch. Goldman Sachs retained its No. 1 league-table position with key mandates led by Sam Britton and Timothy Ingrassia.
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