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17.07 - 22:19
Investment bank fees fall by $24bn as deal boom loses steam
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fnlondon.comDealmaking fees at top investment banks slumped by as much as 56% during the first half of 2022, as recessionary fears and rising interest rates have halted a boom that broke records last year.
A sharp downturn in equity capital markets activity, as both the surge in special purpose acquisition companies last year tumbled and initial public offerings dried up amid volatile markets, has led to a broader downturn in dealmaking. M&A has dropped from last year’s highs and securing funding for mammoth deals through the leveraged...
Read more on fnlondon.comAbout this in other media
Citigroup’s banking fees slide 46% as deal boom turns fnlondon.com /2 years ago
Wells Fargo profit falls as the bank sets aside funds for bad loans, company's shares drop 3% cnbc.com /2 years ago
JPMorgan fees fall 54% as bank suffers dealmaking hit fnlondon.com /2 years ago
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