US bank chiefs upbeat on deal flow after poor Q2

By Jasper Cox
18 Jul 2019

Leaders of the big US investment banks were cautiously optimistic about upcoming investment banking activity, despite a poor second quarter across their capital markets divisions.

David Solomon, chairman and CEO of Goldman Sachs, said that dovish moves by the Bank of Japan and the European Central Bank, along with expectations of multiple rate cuts by the US Federal Reserve, were helpful at the end of the last quarter.

He said that this ...

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