Last year was a very good one for investment banks in Latin America. Data accumulated by Dealogic show that net fee revenues for the year were up by more than 30% on the previous year. Net revenues from all public deals in equities, debt, loans and M&A reached $1.37 billion last year, compared with $1.04 billion in 2005.
The difference is even more striking when the figures are compared with 2002-04, when average net revenues for each year were just $639 million.
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