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Bank of America’s 41% deal fee slump beats Wall Street rivals
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fnlondon.comBank of America's dealmakers maintained an edge on Wall Street rivals during a torrid year for investment banking, but fees still slid by 41% from a year earlier.
The US bank made $3bn from investment banking activity last year. This was a 41% decline, but the fall was not as sharp as many of its rivals including JPMorgan, which saw dealmaking revenue slump by 50% last year.
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