Fees perk up in July after bleak H1

摘要

Investment banking fees perked up in July after a weak first-half, to narrow the gap in revenues most banks are suffering from a year earlier. Industry revenues from debt and equity underwriting, M&A advisory and syndicated loans was USS56.7bn by the end of July, down 11% from the same stage of 2018, according to Refinitiv data. That included a US$9.6bn increase in fees in the last five weeks, however. Revenues had been running 16% behind year-earlier levels up to June 27.