Banks making hay while the sun shines

A spike in initial public offering activity and high-yield bond issuance helped push second quarter investment banking fees to a six-year high

The summer of investment banking activity is here.

From initial public offerings to investment grade debt, the capital markets are wide open as investors continue in their quest for yield.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire