The worst of investment banks’ cost-cutting is over, according to top European dealmakers, who see 2024 as a period of growth for the industry after a two-year deal slump.
In the first Financial News Leadership Roundtable, bankers from Bank of America, JPMorgan and Wells Fargo said that the first two months of this year showed a recovery was on the cards and that further headcount reductions could jeopardise banks’ ability to take advantage of the rebound.
