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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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