Investment banking impacts the businesses at Bank of America (NYSE: BAC ) and Goldman Sachs (NYSE: GS ) very differently . A spate of giant mergers and acquisitions recently have caused an overall spike in global M&A, with the value of these deals up over 50% year over year from the first quarter last year. The number of deals themselves however actually fell, indicating that calling this a recovery of global M&A may be a bit premature.
In this segment from Monday's Where the Money Is, Motley Fool financial analysts Matt Koppenheffer and David Hanson take a look at some of the biggest mergers recently, and point out which banks profited the most from these massive deals, and the fees collected for their advisement services.
Big banking's little $20.8 trillion secret
While Bank of America and Goldman battle for global deals, there's a brand-new company that's revolutionizing banking, and is poised to kill the hated traditional brick-and-mortar banking model. And amazingly, despite its rapid growth, this company is still flying under the radar of Wall Street. To learn about about this company, click here to access our new special free report.