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Global fees for services ranging from merger and acquisitions
advisory to capital markets underwriting totaled $86.9 billion
in 2015, the lowest annual figure since 2013.
Regionally, fees in Europe declined 16 percent compared with a
year ago, Asia Pacific fees fell 12 percent and fees from the
Americas were down by a more modest 3 percent.
One bright spot was mergers and acquisitions (M&A), where fees
from completed activity rose 8 percent year-on-year, as
worldwide M&A in 2015 rose 42 percent to $4.7 trillion, the
strongest year for deal making on record.
Investment banking income was dragged down by a 13 percent
decline in equity capital markets fees compared to a year ago,
and an 18 percent decline in debt capital markets fees as global
markets were hit by volatility sparked by global growth worries,
geopolitical tensions in the Middle East and a China slowdown.
JPMorgan topped the global league table for fees, drawing in
$5.98 billion during the year, down 7.5 percent compared to a
year ago, but maintaining 6.9 percent of the overall wallet
share.
The top five banks were all American, with Goldman Sachs the
only one in the top five to increase its fees intake for the
year, up 6.9 percent to $5.94 billion.
Europe's biggest investment banks continued to lose market
share, with Deutsche Bank, ranked sixth, seeing a 20 percent
year-on-year decline in fees to total $3.45 billion, or a 0.6
percent decline in the wallet share.
Credit Suisse saw a 13.9 percent decline in fees to $3.32
billion and Barclays a 11.2 percent decline to $3.29 billion.
(Reporting By Anjuli Davies)
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