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Investment bank earnings from M&A fell 16% through 2012's first nine months compared to the...
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Friday, September 28, 2012, 7:59 AM ETInvestment bank earnings from M&A fell 16% through 2012's first nine months compared to the similar period last year, according to Reuters. Worldwide, fees are at their lowest level since the Lehman collapse, while in Europe they've sunk to amounts not seen since 2002. Publicly at least, insiders put on a brave face: "There is a huge backlog of transactions."
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