Underwriting fees drop, but completed M&A revenues rise
Issuance declines in most categories, except investment grade corporates
Volume and value of equity offering activity drops sharply in Q1, Refinitiv reports
Deal making is expected to stay strong through year-end
Earnings at America's largest banks have been boosted by reserve releases as credit losses stay modest
Trading revenues plunge from 2020 highs, but investment banking provides some solace
In a record year for banking fees, four Canadian firms have edged into the top 25
Hedge fund-linked losses point to "lurking" risks, Moody's cautions
Competition ramps up between big banks, retail brokers
Stable income, rising wealth a bright spot for big global investment firms