VIDEO & AUDIO Wall Street banks pulled in more than $18bn in revenues from debt capital markets this year as companies raised record amounts from the bond markets.
The revenues - a 33 per cent increase on last year - came on top of a 64 per cent jump in equity capital market earnings which produced $23.3bn in earnings. Both helped to make up for the decline in income from merger activity, which ended the year at the lowest level since 2004.
There were $2,340bn worth of deals during 2009, a 26 per cent fall on the $3,170bn recorded last year, according to Dealogic, the financial data provider.
Further reading: Record debt issue fees offset M&A dip
Bankers turn bullish about bid activity
Capital markets expect bonanza to go on
