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Credit Suisse M&A fees swell 184% despite dealmaker exodus

Holding on to talent has been tough for the Swiss bank as it bounces between crises
Holding on to talent has been tough for the Swiss bank as it bounces between crises Photo: Getty Images/Sebastien Bozon

Credit Suisse's M&A bankers hauled in 184% more fees in the latest quarter than they did during the same period last year, despite an exodus of dealmakers in a unit rocked by successive crises this year.

The Swiss bank's M&A unit made CHF305m in revenues during the third quarter, its best three-month performance since 2018, as the world's largest investment banks were buoyed by an unprecedented deal boom so far this year.

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