Investment banking fees from mergers and acquisitions and capital raising have slumped in the third quarter to lows not seen since the aftermath of the Lehman Brothers collapse, the FT reports. Investment banking fees – about 15 per cent of overall investment banking revenues – fell 43 per cent from the second quarter, according to data by Thomson Reuters and Freeman Consulting. Though up 5 per cent to $57.6bn so far this year compared with 2010, full-year fees could fall 2.7 per cent if the current rate was maintained, Thomson said. Global M&A volumes were down 14.3 per cent from the second quarter, with $481.2bn worth of deals announced. Advisers expect M&A for the year may be only single digits higher than 2010, or even flat, despite growth of 19.9 per cent in the first three quarters.

This entry was posted by Kate Mackenzie on Friday, September 30th, 2011 at 5:04 and is featured in The 6am Cut London (30 Sep 2011), The Lunch Wrap (30 Sep 2011) . Tagged with fees, investment banking, investment banks, mergers and aquisitions. Edit this entry.