Economic TimesLean R·
US Stock Market: Wall Street investment banking revival gains momentum as IPOs, M&A fuel deal boom
Wall Street's investment banking recovery is gathering momentum, driven by a rebound in IPOs, M&A deals and corporate debt issuance. The six largest U.S. banks reported an average 45% year-on-year jump in investment banking fees in the second quarter, signalling a broad-based revival after years of weak dealmaking.
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