Investment banking fees fall 8 percent in weakest first quarter since 2012

April 2, 2015 5:11 PM

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Investment banking fees fall 8 percent in weakest first quarter since 2012

(Reuters) - Global investment banking fees fell 8 percent to $20 billion in the first quarter, the poorest start to the year since 2012, hurt by weak deal activity in Europe, Asia Pacific and Japan.

Fees for deals done fell 28 percent in Japan, 14 percent in Europe and 18 percent in Asia Pacific, according to data compiled by Thomson Reuters and Freeman Consulting.

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