FACTBOX-Top 10 ranking for estimated banking fees

Fri Jun 26, 2009 2:00pm EDT

 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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