Global IB revenue recovering gradually

Global investment banking revenue reached the $60bn mark this year on November 3, three weeks before it hit that same benchmark last year, according to Dealogic, a sign that market conditions are slowly improving. Revenue year-to-date is up 3% from where it stood at time last year, totalling $61.6bn. Still, the global revenue figures are 24% lower than the $81.5bn posted by this point in 2007.

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