Sometimes a franchise is suited to a moment. And in an awards period that began with the catastrophe unfolding in Ukraine, ended with a meltdown in US regional banking, and was accompanied throughout by eye-watering rate hikes, clients had no shortage of demands of their investment banks.
One thing they needed was support – whether through credit, capital, research, trading or advice. But what they needed perhaps more than anything else was an investment bank that could make sense of the world for them.
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