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DatabankJanuary 29

Global investment banking fees hit five-year low in 2023

But despite the global downturn, there were some notable bright spots

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A subdued mergers and acquisitions (M&A) market has impacted investment banking fees, leading to a dip in global revenues to a five-year low in 2023, according to data from LSEG.

The firm reported that global investment banking fees fell to $106bn in 2023, marking a 7% decrease compared to the previous year and representing the slowest annual period since 2018.

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