Wall Street fees
While the last six months have been rough for sectors from hospitality to energy—not to mention government finances—one group has done surprisingly well. Investment banking fees soared to a record of $57 billion, largely through emergency financing deals from some of America's biggest companies. The rise in debt fees easily outdid the decline in other forms of bank income, as M&As and advising slowed. FT
While the last six months have been rough for sectors from hospitality to energy—not to mention government finances—one group has done surprisingly well. Investment banking fees soared to a record of $57 billion, largely through emergency financing deals from some of America's biggest companies. The rise in debt fees easily outdid the decline in other forms of bank income, as M&As and advising slowed. FT