New York - Goldman Sachs, Wall Street's biggest dealmaker, has surpassed $1-trillion in mergers and acquisitions for a single year for the first time since the financial crisis.
The US investment bank passed the closely-watched benchmark for 2014 following transactions this week, according to data on Wednesday from Dealogic.
The last time a firm surpassed $1-trillion in a year came in 2007, when Goldman also breached the level.
Goldman's latest big deal was Merck's $9.5-billion takeover of Cubist Pharmaceuticals, unveiled on Monday.
Goldman has also worked on the $66-billion purchase of Botox-maker Allergan by Activis and the $48.5-billion acquisition by AT&T of DirecTV.
With 380 deals worth just over $1.0-trillion, Goldman leads the pack in global mergers and acquisitions, according to Dealogic.
JPMorgan Chase ranks second with $741-billion in deals and Morgan Stanley is third with $692-billion in deals. Barclays is the highest ranked non-US firm with $540-billion in deals, the data show
The ranking does not include data for initial public offerings, an area in which Goldman is also active.
Sapa-AFP