'Clients are more actively calling, and people are picking up pencils on processes that are ready to kick off,' Michele Cousins, head of leveraged capital markets for the Americas at UBS, said at a UBS press briefing earlier this month. Merger & acquisition activity is expected to increase next year as borrowing is expected to be easier and companies are undeterred by antitrust regulators' attempts to block deals. Zhanna Hapanovich/iStock via Getty Images