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Goldman Sachs and Deutsche Bank lead $5.4bn slump in dealmaking fees

Overall investment banking fees are down by 27% compared with an already muted 2022

By Paul Clarke
Deutsche's Fabrizio Campelli is just one of the banking execs looking for a way out of the drought
Deutsche's Fabrizio Campelli is just one of the banking execs looking for a way out of the drought Photo: Getty Images

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Goldman Sachs and Deutsche Bank have seen the biggest percentage declines in dealmaking fees in the first half of 2023, as top investment banks lost $5.4bn in revenue amid an ongoing slump in activity.

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