Wall Street’s Bankers Are Retrenching—Here’s Where They See the Action Going Next

One tech banker recently told The Information he often gets asked, sometimes with a tinge of rudeness: With the markets dead, what exactly are you doing all day?

Dealmaking revenue is off to its worst start in at least a decade. But investment bankers say they are frenetically busy—in part laying the groundwork for when Wall Street’s deals engine eventually revs up again.