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The jump in investment banking revenue across the Asia-Pacific region this year is giving many banks a reason to be cheerful. After two relatively weak halves in 2013, revenues have come roaring back, filling coffers and stoking optimism across the board. But a closer look at this rising tide shows it is not lifting all boats.
Dealogic figures show total net revenues for investment banking in Asia-Pacific ex-Japan reached just over $5.1 billion in the first half of 2014.
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