A lot is riding on megabanks’ highly profitable Wall Street arms to help sustain returns as deposit costs rise and credit losses emerge.
Photo: Marissa Alper for The Wall Street JournalBankers tend to turn into gardeners when talking about the continuing dearth of mergers and other investment-banking deals.
They mention “green shoots,” in the form of an acquisition here, or an initial public offering there, as hopeful signs of regrowth.
But this analogy might be too delicate for today’s world.
Between the low-growth economic outlook, surging Treasury yields and wars in Israel and Ukraine, the risk isn’t just that the soil is a bit dry.
Persons:
Marissa Alper, ”
Organizations:
Wall Street
Locations:
Israel, Ukraine