Wall Street Journal (September 5)
2019/ 09/ 07 by jd in Global News
“A decade after fueling a crisis that nearly brought down the global financial system, America’s banks are ruling it. They earned 62% of global investment-banking fees last year, up from 53% in 2011.” In 2018, “U.S. banks took home $7 of every $10 in merger fees, $6 of every $10 in stock commissions, and $6 of every $10 paid to hold and move corporate cash.”
Tags: Banks, Crisis, Financial system, Investment-banking fees, Merger fees, Stock commissions, U.S.
