Deutsche Bank, UBS See Fee Jump on Share Sales and Deals
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Deutsche Bank AG and UBS AG are benefiting from surging global share sales and a recovery in mergers and acquisitions after a jump in second-quarter investment-banking revenue.
Deutsche Bank’s revenue from share sales and mergers advice climbed 23 percent to 395 million euros ($529 million) in the second quarter, Europe’s largest lender said in a statement today. UBS said revenue at its advisory and equity capital-markets business rose 30 percent to 514 million Swiss francs in the second-quarter from the same period a year ago.