BofA Merrill Surprises on Upside (2)

BofA Merrill Surprises on Upside (2)

M&A

At the end of an extremely challenging year for investment banks globally, there are two big surprises in LatAm. One is that the fee pool from core investment banking activities –M&A, DCM and ECM – has actually expanded slightly. The other is that Bank of America Merrill Lynch – which most of the street had written off as a regional player after its troubled merger – has actually doubled its fees and is among the biggest year-on-year improvers in the regional revenue league tables. The merge

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