Banks fear for second half as deals fall

Global investment banks are bracing themselves for a dismal second half, with further cuts in costs and staff, after a sharp drop in deal making and capital markets activity pushed down fees in the second quarter to their worst level in three years.

The dearth of transactions drove down advisory fees from mergers and acquisitions as well as debt and equity issuance ... READ MORE

Released by the Financial Times - 28 June 2012