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Ukraine war threatens $130bn deal boom: ‘I’ve never seen such an acute turn’
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Russia’s invasion of Ukraine is threatening to derail a deal boom that hauled in a record $130bn in fees for investment banks last year and helped prop up profits at the largest Wall Street and European lenders.
Senior bankers told Financial News that the Ukraine conflict had led to a sudden pause in dealmaking activity, which had the potential to to turn into a longer term slump if the impact of the crisis spreads.
“The...
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