How Latin investment banking just got bigger
Net revenues for investment banks in Latin America in 2006 were up by more than 30% on the previous year, according to Dealogic. Net revenues from all public deals in equities, debt, loans and M&A reached $1.37 billion in 2006 (see table below) compared with $1.04 billion in 2005. These figures are in stark contrast to those for 2002/04, when average net revenues for each year were just $639 million.
Yet break down the figures for last year and one theme jumps out.
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