Is this the dawn of the lackluster fees for the investment banks ? Are we seeing vast changes in how these banks operate ? Should these banks starting cutting even more jobs, downsizing and focusing on other regions ? Maybe it’s just time to call a spade a spade and announce the beginning of the end for this industry.
Investment banks are staring at a steep drop in advisory fees.There has been just $12 billion in global investment banking revenues collected this quarter, the lowest quarterly total since the dismal start to 2009, according to Dealogic.
- Research In Motion ‘Essentially Broken,’ Says Morgan Stanley – Deal Journal – WSJ (nadernazemi.com)
- Bank of America CFO: 2nd Quarter Capital Markets ‘a Little Bit Slower’ – Deal Journal – WSJ (nadernazemi.com)
- J.P. Morgan Tops IB Revenue Table In Weak Start to Year (blogs.wsj.com)
- Evergrande Fights Scathing Report With Wall Street Titans – Deal Journal – WSJ (nadernazemi.com)
- Morgan Stanley’s Gorman: Three-Notch Cut Would Be ‘Somewhat Stunning’ – Deal Journal – WSJ (nadernazemi.com)