Banks Pocket Handsome M&A Fees As Industry Witnesses Strongest Quarter Since The Downturn

The global M&A industry saw investment banks help companies close deals worth $820 billion for the second quarter of the year according to data released by Thomson Reuters. This is 23% higher than the $667 billion figure for the previous quarter, and a good 70% higher than what was seen for the year-ago period. This made Q2 2015 the best quarter in terms of completed deals since the economic downturn of 2008. Also, deals worth $1.4 trillion were announced over the quarter ? a 62% improvement ove...