For years, Wall Street’s biggest banks struggled to fire on all cylinders: one division did most of the work. For a while, that was consumer banking. More recently, amid a slowdown in lending and net interest income growth, trading desks picked up the slack. Now, it is dealmakers who are roaring. The difference, however, is that this time other businesses have plenty of momentum of their own.
多年來,華爾街大型銀行一直很難“全速運轉”:總有一個部門在扛大旗。曾經一度是零售銀行業務。近來,隨著貸款與凈利息收入增長放緩,交易部門接過了重擔。如今,風頭正勁的是并購交易團隊。不過不同的是,這一次其他業務本身也動力十足。
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