Fees earned for investment banking services rose 7 percent 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 $83.9 billion as of Dec. 17, up from $78.4 billion in the same period in 2013, according to Thomson Reuters data.Albeit far off a 2007 peak of $101.8 billion, fees have rallied thanks to a deal-making frenzy and a revival in share offerings. Renewed confidence among large corporations spurred multi-billion deals in the healthcare, telecoms, and consumer sectors.Fees earned from completed M&A advisory rose 15 percent to a three-year high. Banks were paid $26 billion for advising on some of the largest mergers in years such as Actavis' $66 billion purchase of Allergan."The number of deals in excess of $1 billion are up; they represent about two thirds of total volumes in EMEA, or 250 transactions," said Severin Brizay, head of M&A in EMEA at UBS.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.47% or $0.19/share to $40.42. In the past year, the shares have traded as low as $33.21 and as high as $40.66. On average, 795491 shares of TRI exchange hands on a given day and today's volume is recorded at 689036.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.94% or $0.44/share to $47.08. In the past year, the shares have traded as low as $36.86 and as high as $46.96. On average, 780449 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 546430.
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