Glimmer of hope for fees at start of H2

摘要

Investment banking fees have picked up in the past two months after the grim first half, although banks have still brought in USS7bn less in revenues than the same stage a year earlier. Industry revenue from debt and equity underwriting, M&A advisory and syndicated loans was US$64.4bn at the close of business on August 29, down 10% from the same stage of 2018, according to Refinitiv data.