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Investment Bank Fees Soar To Seven-Year High, Led By Jp Morgan

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http://uk.reuters.com/article/2015/01/21/uk-investment-banking-fees-idUKKBN0KU16C20150121

Investment banking fees surged to a seven-year high of $90.1 billion in 2014, driven by deals in North Asia and Southern Europe, with the huge North American market offering ballast in a sector increasingly expected to see some wobbles this year.

Fees for deals done in North Asia leapt 28 percent to $7.4 billion while Southern Europe saw a 29 percent jump to $2.6 billion, data compiled by Thomson Reuters shows. North America is still the supreme market for investment banks in absolute terms, generating $47 billion in fees last year. That was three times more than that of Asia as whole.

J.P. Morgan (JPM.N) topped the rankings for fees last year, taking home $6.3 billion, followed by Bank of America Corp (BAC.N) and Goldman Sachs (GS.N). Bankers say they expect fees to climb even if a slower China and global geopolitical tensions put the brakes on deal-making this year.

Excellent news, the parasites skim more off the top!

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