North American deals drive global investment banking fees to 10-year high

The rebound in banking fees to pre-crisis highs will be good news for global advisers who complain they are being squeezed by regulatory requirements amid competition from boutique players.

“The market environment has not been as favorable since the financial crisis with equities at market tops and revived debt origination in anticipation of tightening monetary policy," said Robert Gruebner, partner at consultants Bain & Company.