Today news
About the same in other media
Evercore cuts pay by 8% as dealmaking fees hold up amid slump
Reading now: 161
Evercore cut pay by just 8% last year and continued to add senior dealmakers, showing boutique investment banks' relative resilience to an M&A slump that has forced larger rivals to strip out costs.
The boutique investment bank made $2.4bn in advisory fees last year, a 13% decline on a year earlier, while overall revenues slipped by 16% compared to 2021. The bank said in a statement that 2022 was its second best ever year — behind 2021 — and that it is still hiring senior dealmakers this year.
However,...
Read more on fnlondon.comAbout this in other media
BNPL provider Affirm cuts 19% of staff, ends crypto initiative finextra.com /1 year ago
Credit Suisse cuts 35 London dealmakers in latest layoffs fnlondon.com /1 year ago
PJT Partners hikes banker pay by 5% as dealmaking fees rise fnlondon.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
