ContentsIntroduction32021 review;2022 outlook4Banking4Investment management and wealth management7Fintech,payments,and exchanges10Trends and drivers of 2022 M&A activity14Reassessing and reinvigorating portfolios14'Megadeals'create inventory concerns forpotential merger partners16As fintech goes mainstream,alliances move into the spotlight16Evolving accounting,regulatory,and tax influences onM&A activity16Tax policy developments18Keeping the M&A growth engine humming19