Already struggling at home with weak revenues and tough new capital and leverage requirements, investment banks are now also facing a slump in their once most promising business — emerging markets.
Fees are plummeting because of a sharp decline in first-time share listings and mergers across such economies.
Given the shaky economic outlook and weak equity valuations it is hardly surprising that global deal-making volumes are taking a hit. But the slump in emerging markets, an area banks had most hoped would drive growth, is especially precipitous.
Investment banks facing slump in emerging markets | GulfNews.com
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