Fees

Global Investment Banking Fees Total US$103.9 Billion; Highest Annual Total for IB Fees Since Our Records Began in 2000; Japan Fees Up 50%

Global investment banks generated their largest fees in the first nine months of the year for a decade, according to new data published today.

Fund giant Fidelity International has announced it will move to to a “variable fee structure” as soon as the first quarter of 2018, where clients will be charged depending on how the fund performs.

The amount of fees charged by investment bankers this six months, for services ranging from merger and acquisition advice to capital markets underwriting, has hit a ten-year high.

Ouch.

It's a fine margin between success and failure.

Bank of America will more clearly disclose the fees it charges clients of its Merrill Lynch wealth management business, according to a statement from bank spokeswoman Susan McCabe.

As we come to the end of November, Thomson Reuters looks at how investment banking fees so far this year compare to previous years. Highlights follow below: