Long-awaited M&A recovery lifts revenues but also pushes up pay at UK investment banking arm
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Fewer restrictions on financial sector pay following changes by central bank
Trend puts pressure on brokerages and investment banks
Reversal marks dramatic shift from recent years when sector was seen as more resilient to changes in financial markets
Loan growth and hedging help bolster banking sector profitability
Permira and Warburg Pincus to kick off process for UK wealth manager in coming months
Lenders have been snapping up businesses formerly owned by buyout firms at a record rate
