BofA sanctioned for millions of reporting lapses over 10 years
Equity, debt issuance drop, sustainable M&A holds up
RBC and BMO remain among top 25 as global fees slide
Deal-making stumbled as market volatility spiked
Underwriting fees drop, but completed M&A revenues rise
Issuance declines in most categories, except investment grade corporates
Volume and value of equity offering activity drops sharply in Q1, Refinitiv reports
Deal making is expected to stay strong through year-end
Earnings at America's largest banks have been boosted by reserve releases as credit losses stay modest
Trading revenues plunge from 2020 highs, but investment banking provides some solace