Japan, U.S. Banks Back Atop Asia Investment Banking

Japanese and U.S. banks have reclaimed their positions as the top investment banks in Asia. They have benefited from various deals in Tokyo and Mumbai, while their Chinese counterparts struggle due to a slow domestic market. Morgan Stanley rose from fifth place to first in Asian investment banking revenue in the first half of 2024, with Nomura moving up seven spots to second place. Five other U.S. and Japanese banks also made it into the top 10.