Wall Street was looking for basically anyone who was willing to come, or even log in for them, hiring, but now they're looking to cut back
They hired thousands wach. JPM and Goldman hired like around 20% more. Wall Street is a boom and bust thing. When the deals are coming you have to have people.
YoY:
IPSs down 90%
High-Yield debt offerings down 75%
M&A down 30%