HSBC Exclusive: Q1 Results Deep-Dive | Dealmaking Fees Drop 10%

HSBC has seen a 10% drop in dealmaking fees in the first quarter of 2024, contrasting sharply with the gains of its Wall Street peers.

The UK-based bank reported investment banking revenues of $279 million for the first three months, marking a decrease attributed to a smaller volume of high-value deals compared to the previous year.

This downturn contrasts with the performance of other major banks.

For instance, Deutsche Bank enjoyed a