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Bankers warn the $130bn deal fee bonanza is fizzling fast: ‘There could be cuts later this year’

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The climate, the economy, Ukraine — these topics dominated the agenda at the World Economic Forum in Davos. But for senior bankers trying to drum up business in the Swiss resort town, there’s another concern.The good times in deals are fizzling out.The boom of 2021 led to record fees of $130bn for the sector, prompting investment banks to...

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