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Wall Street bosses preach caution after surprise dealmaking rebound

Investment Banking Editor

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Wall Street banking bosses have preached caution about a recovery in dealmaking even as investment banking fees bounced back in the second quarter. 

In what was expected to be a muted quarter for investment banking as US president Donald Trump’s tariff war prompted companies to ice deals, some top banks surprised with rises in revenue. 

US investment banks made $9bn in investment banking fees during the second quarter, an increase of 7%, after analysts predicted a slump

Paul Clarke

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