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The demand for capital raisings could not have come at a better time for investment bankers starved of revenues. With business down across mergers and acquisitions advisory and debt capital markets, bankers have welcomed the opportunity to make money from cash calls.
Banks borrow more from Fed, investment firms less (Washington Post)
WASHINGTON — Commercial banks boosted their borrowing over the past week from the Federal Reserve’s emergency lending program, while investment firms drew less.
