Banks didn’t hear the buyback boom warning. That will cost them.
European banks will no doubt complain that capital raising fees will make them even less competitive not only with their US rivals but also with rivals in the UK and Switzerland, such as Barclays and Credit Suisse. Private equity is big business for all of these banks: Fees from such firms account for nearly 12% of global investment banking revenue so far this year, according to Refinitiv, a high percentage the most since 2017.
https://www.washingtonpost.com/business/banks-didnt-listento-buyout-boom-warnings-thatll-cost-them/2021/11/30/5d1279c8-51b4-11ec-83d2-d9dab0e23b7e_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business Banks didn’t hear the buyback boom warning. That will cost them.