Singapore’s investment banking fees decline on fewer M&As

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Advisory fees from completed mergers and acquisitions (M&As) notably fell by 32%, to just US$183.6m.

Equity capital markets underwriting fees total US$122.9m, 7% more than the value recorded during the first nine months of 2022.Syndicated lending fees declined 13% to US$209.1m so far during the first nine months of 2023.

Amongst banks, DBS is currently leading in Singapore’s investment banking fee league table so far, with a total of US$73.6m in fees. This is 13% of the total fee pool, Refinitiv said.

 

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