Dealmaking-related revenue at a handful of major investment banks collectively rose 27% year-over-year in the first quarter.
In the first three months of the year, the investment bank scored a 16% jump in revenue and $4.1 billion in net income, a 28% rise.
The bank plans to take its profits off the table and repurpose them for new investments — primarily in energy and firms listed in Japan.
The Americans have warned that further inroads to France’s capital may not happen without some dismissal-pay flexibility.
The industry is taking advantage of banks’ newfound interest in offloading some of the consumer debt on their books.
For the first time in exactly 10 years, Wall Street dealmakers will fall short of facilitating at least $3 trillion worth of deals.
American firms like Goldman Sachs and JPMorgan have clawed their way back to the top of the global equity underwriting rankings.