Investment banking fees up on M&As, share offerings

London

FEES earned for investment banking services rose 7 per cent in 2014, representing a seven-year high, as bankers handled the greatest value of mergers and acquisitions (M&A) since 2007.

Five years after the end of the financial crisis, investment banking fees totalled US$83.9 billion as of Dec 17, up from US$78.4 billion in the same period in 2013, according to Thomson Reuters data.

Albeit far off a 2007 peak of US$101.8 billion, fees have rallied thanks to a deal-making frenzy and a revival in share offerings. Renewed con…