London’s investment bankers and lawyers make more than £1bn in takeover frenzy
London’s investment banks and law firms earned over £1 billion in fees from a surge in mergers and acquisitions this year. The windfall, driven by intense takeover activity, has drawn criticism as households grapple with a cost‑of‑living crisis and public scrutiny of high City salaries. Firms argue the pay reflects the complexity and risk of large deals.