There is really only one investment banking business to be in right now
Advertisement
REUTERS/Luke MacGregor
Advertisement
There has been much less deal activity in the equity markets, while mergers and acquisitions activity has also slowed. Syndicated loan activity has also dropped.
That has led to a 14% drop in global investment banking revenue for the year to September 23, according to Dealogic.
There is one bright spot, though.
Debt capital markets is the only business to see an increase in revenue, with fees up to $15.9 billion.
Advertisement
Here's what's driving the strong activity:
Advertisement
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh