Japanese and U.S. banks have returned to the top of investment banking in Asia, helped by a raft of deals in Tokyo and Mumbai at a time when Chinese rivals are saddled with a stagnant home market.

Morgan Stanley sprang back to the top spot in Asian investment banking revenue in the first half of 2024, from fifth a year ago, while Nomura 8604 0.75%increase; green up pointing triangle jumped seven places to second, according to data from Dealogic. Five other U.S. and Japanese banks made the top 10.

Source: WSJ