IT | EN
IT | EN
Stock BOND

London investment bankers to rake in bigger bonuses after two-year slump

www.theguardian.com 01-07-2024 05:00 1 Minutes reading Positive 0.42
#Business #Banking #Mergers and acquisitions #London #Inflation #Bonds #Interest rates #Art
<p>Exclusive: Rise in dealmaking likely to be reflected in spring bonus season as interest rate hike cycle ends</p><p>London’s investment bankers are expected to rake in bigger bonuses this financial year, as the City begins to recover from a two-year slump in deals caused by surging interest rates.</p><p>Demand for investment banking services – such as facilitating mergers and acquisitions, advising companies and governments on fundraising, and underwriting new stock and bonds – was hit by a sharp increase in borrowing rates after the pandemic, as central banks acted to tame runaway inflation. Jobs and pay were cut as investment banks sought to reduce costs.</p> <a href="https://www.theguardian.com/business/article/2024/jul/01/london-investment-bankers-bonuses-interest-rates">Continue reading...</a>
> READ MORE

Related news

Related by source