FACTBOX-Top 10 ranking for estimated banking fees
June 26 (Reuters) - The following is the top 10 banks ranked by global estimated investment banking fee volumes for the second quarter.
2Q 2009 : 2Q 2008 : -------------------------------------:--------------------:----------- Adviser Rank Total Fees : Rank Total Fees : % Change
(mln) : (mln) : -------------------------------------:--------------------:----------- JP Morgan 1 $1,999.6 : 2 $2,330.6 : -14% (JPM.N) : : -------------------------------------:--------------------:----------- Bank of America 2 $1,506.6 : 1 $2,374.8 : -37% Merrill Lynch : : (BAC.N) : : -------------------------------------:--------------------:----------- Goldman Sachs 3 $1,321.8 : 3 $1,846.9 : -28% (GS.N) : : -------------------------------------:--------------------:----------- Citigroup 4 $1,289.1 : 4 $1,756.3 : -27% (C.N) : : -------------------------------------:--------------------:----------- Morgan Stanley 5 $1,144.4 : 5 $1,397.1 : -18% (MS.N) : : -------------------------------------:--------------------:----------- Deutsche Bank 6 $960.3 : 7 $1,230.8 : -22% (DBKGn.DE) : : -------------------------------------:--------------------:----------- Credit Suisse 7 $902.7 : 9 $1,115.7 : -19% (CSGN.VX) : : -------------------------------------:--------------------:----------- UBS 8 $878.1 : 6 $1,362.0 : -36% (UBSN.VX) : : -------------------------------------:--------------------:----------- Barclays Capital 9 $823.4 : 8 $1,171.3 : -30% (BARC.L) : : -------------------------------------:--------------------:----------- RBS 10 $685.2 : 10 $818.8 : -16% (RBS.L) : : ---------------------------------------------------------------------- ** Deal fees are calculated using Freeman & Co. proprietary algorithm where spreads or fees are not disclosed. Deal fees are on a gross basis before all expenses. Each underwriter or advisor is allocated its share of deal fees using Freeman & Co. allocation methodology, based on the number of underwriters or advisors on the deal and their role. No fees are allocated to syndicated members. Industry totals include fees on deals with undisclosed advisors. Source:Thomson Reuters/Freeman & Co. (Reporting by Michael Erman)
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