Thursday, January 4, 2018

Investment banks earn record $104bn advising on takeovers

Soaring fees last year came from work on $3.5tn of takeover deals worldwide

Investment banks earned a record of nearly $104bn (£76.7bn) in fees globally last year from work advising companies on more than $3.5tn worth of takeovers and mergers.

Globally, banks billed their clients for $103.9bn worth of fees for their work, a 16% increase on 2016 and the highest yearly total since Thomson Reuters began collating data in 2000.

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from Mergers and acquisitions | The Guardian http://ift.tt/2lVud5a

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