Investment banking fees jump 22% to record US$868m for 2019: report
Among investment banks in Singapore, DBS Bank earned the most fees with a total of US$102.4m
Add BT as a preferred sourceClaudia Tan HS
Singapore
SINGAPORE investment banking activities generated US$868.1 million in fees for FY2019, a 22.1 per cent increase from a year ago, according to Refinitiv data as of Dec 19.
This year's performance is the strongest since records began in 2000 on the back of marked improvements in mergers and acquisitions (M&A) advisory fees, equity capital markets (ECM) and debt capital markets (DCM) underwriting fees as well as syndicated lending fees, according to the report published on Thursday.
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