Investment Bank Bubble Spoils Collapse

admin Alternative Media, Market Commentary

The volatility that hit markets in the first part of the year has weighed heavily on investment banks, whose fees were down 36% in the first quarter from the same period a year earlier, WSJ’s MoneyBeat reports.
$12.8 billionInvestment-banking revenueSo far this year, the lowest quarterly total since the height of the financial crisis $2.3 billionFees from equity offeringsA drop of 55% from the same period last year

This post was published at David Stockmans Contra Corner on March 29, 2016.

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