Asia bank fees trump Europe

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Asia bank fees trump Europe KCS-content center_img Show Comments ▼ ASIAN financial services have continued to grow on the global stage, showing a 22.2 per cent lift in investment banking fees taken in the region over the last year, as payments to European banks fell.Companies in Asia surged to contribute £12.8bn last year, as fees taken globally by investment banks jumped nine per cent to $84bn (£54bn) in 2010.European banks earned 12.3 per cent less for their service than in 2009, though fees still totalled $22.7bn, according to data provided by Thomson Reuters.The payments were made by firms to investment banks for financial services including underwriting capital markets deals and advising on mergers and acquisitions.Though deals across the market were up 10.2 per cent by volume, by value the gain was only 0.4 per cent, with smaller transactions dominating the dealflow. In Europe the difference was even more marked, with deals up 8.9 per cent in volume but down 21.2 per cent in value. US banks topped the review, charging $43bn between them and registering a 21.9 per cent increase on the previous year. Among the top fee payers were US government-backed banks, contributing a total of $2.52bn. State-backed mortgage lender Frannie Mae spent $884m on investment banking services last year, topping rankings compiled by data provider Dealogic.Government-sponsored home mortgage provider Freddie Mac placed second, paying $656m, and bailed-out insurer AIG placed third, paying $582m. Tags: NULL Thursday 6 January 2011 8:54 pmlast_img read more