Investment bankers' fees rise to 7-year high

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Fees earned for investment banking services rose 7% in 2014, representing a seven-year high, as bankers handled the greatest value of mergers and acquisitions (M&A) since 2007.

Reuters reports that five years after the end of the financial crisis, investment banking fees totalled $83.9bn as of December 17, up from $78.4bn in the same period in 2013, according to Thomson Reuters data.

Albeit far off a 2007 peak of $101.8bn, 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.

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M&A boom helps push investment banking fees to highest level since 2007

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