Benoit d'Angelin and Perry Hoffmeister

摘要

With all the cash sloshing around at financial sponsors and with corporates showing a renewed interest in strategic acquisitions, US analyst firm Credit-Sights expects M&A advisory and equity underwriting to be the revenue hot spots for investment banks in 2006. Lucky, then, that Lehman Brothers' transformation from a bond house into a full-service investment bank is almost complete. If the lion's share of revenues is still derived from fixed income, then the same can be said of many of its investment banking competitors, and other business lines are clearly contributing more to the pot.