Here's how much the top Wall Street banks have earned in fees this year
Reuters
Altogether, global investment banking revenue was down 14% from the same period last year. That is improvement on the first half, where revenues came in 16% lower than the previous years.
League tables are a contentious subject on Wall Street.
Banks use them when pitching for new business, and a good ranking means serious bragging rights. But the league table-data can also be sliced up to make a bank's performance look better (by narrowing the field very narrowly, for example).
Though they're based on estimates, these tables are the broadest possible and a closely-watched indicator of who is up and who is down.
Here's how the banks stacked up this time around.
- CEO says he tried to hire an AI researcher from Meta, and was told to 'come back to me when you have 10,000 H100 GPUs'
- We bought a house in Japan for $30,000. We'll have more land than we could afford in the US, and our kids will be more independent.
- Rumors Prince William is having an affair with Rose Hanbury are flooding social media again after Stephen Colbert waded into 'Katespiracy'
- Mobile Number Portability revamped to reduce SIM swap frauds – Here are the new rules
- Local production of EVs a work in progress: Audi India Head
- AI can identify clinically anxious youth based on brain structure: Study
- Electrifying auto market: Planning to buy an EV, compare their price with petrol, diesel and CNG variants
- Bank of Japan ends decades-long negative interest policy