News Formal

CNBC Daily Open: Investment banking’s coming back

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

In another sign the U.S. economy is more resilient than anticipated, banks have had a good showing this earnings season.

are supposed to benefit from the higher interest rates that felled regional banks like Silicon Valley Bank and First Republic.

But investment banking activity — which slowed as higher rates first kicked in last year — is seeing signs of a revival.. As Octavio Marenzi, CEO of consultancy Opimas, put it, "investment banking, which has been a problem child over the past year or so, is starting to show signs of life."And while Morgan Stanley didn't do so well on the investment banking front, CEO James Gorman said he believes "we are very, very close" to the end of rate hikes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CNBC Daily Open: Investment banking sees signs of lifeIn another sign the U.S. economy is more resilient than anticipated, banks have had a good showing this earnings season.
Source: CNBC - 🏆 12. / 72 Read more »