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(WSJ) — Minority-owned investment banks are climbing up the league tables. Deal Journal colleague Kyle Stock reports over at Fins.com that such firms underwrote “almost one-third of stock and bond sales by revenue last year, up from 17% in 2007, according to data from Thomson Reuters. All told, they were involved in 877 deals last year that raised almost $1 trillion.”

How are they doing it? Stock writes that they are stealing talent away from bigger rivals and focusing on customer service.

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