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|04 January, 2018

Investment banking fees at record high in 2017- Thomson Reuters data

Gobal investment banking fees rose 16% to an estimated $104bln in 2017.

British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo.

British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo.

REUTERS/Thomas White/Illustration
LONDON- Buoyed by a recovery in equity issuance, global investment banking fees rose 16 percent to an estimated $104 billion in 2017, Thomson Reuters data shows, the highest level since its records began in 2000.

The rebound in fees to above pre-crisis highs will be welcome news for global advisors who complain they are being squeezed by regulatory requirements amid competition from boutique players.

Following a downbeat 2016, investment banking fees for equity products rose 41.5 percent to $22 billion on an issuance recovery. urn:newsml:reuters.com:*:nL8N1OS19H Fees for bonds beat mergers and acquisitions as the number one product, rising almost 15 percent to $31 billion.

Japan Post Holdings Co Ltd 6178.T , the biggest follow-on offering of the year, and Japanese SoftBank Group Corp 9984.T , which agreed to buy a large number of shares of Uber Technologies Inc UBER.UL in late December, were the biggest corporate clients of 2017 - paying out $382 and $378 million respectively.
Japan saw a 50 percent rise in total fees to $5.5 billion.

Blackstone Group BX.N was the biggest financial sponsor fee payer, shelling out $679 million, an increase of 87 percent on the previous year.

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JP Morgan JPM.N was the biggest global investment banking earner of the year once again, racking up an estimated $6.7 billion in fees, or 6 percent of the total.
 (Reporting by Dasha Afanasieva; Editing by Adrian Croft) ((dasha.afanasieva@tr.com; +44)(0)(20 7542 0214;))

Keywords: BANKING FEES/


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