Reported about 1 year ago
Financial advisory fees from mergers and acquisitions in Asia have hit an 11-year low in the first half of 2024, dropping to $1.5 billion, the lowest since 2013, according to LSEG data. The region saw a decline in both announced and completed deals, with Japan accounting for 40% of the fees. This fee squeeze may increase pressure on investment banks already cutting jobs due to chill capital markets. China and Japan experienced a drop in deal values, while there is optimism for increased private equity and digital infrastructure investments to drive deals later in the year.
Source: YAHOO