Goldman Sachs Group Inc (The

Goldman Ranks No. 1 in Investment Bank Fees Driven by Rising Merger Share [GS]


13:47 09-03-2012
Goldman Ranks No. 1 in Investment Bank Fees Driven by Rising Merger Share

Bloomberg - For investment bankers, 2011 started with a shout and ended with a whimper -- causing fees to shoot up in the first half, then fizzle at year’s end.


Early on, Dallas-based AT&T Inc. (T) and Frankfurt-based Deutsche Boerse AG (DB1) announced bold plans to acquire competitors across the Atlantic. Initial public offerings surged in the first half to levels not seen since before the near collapse of the U.S. financial system in 2008. Pipeline operator Kinder Morgan Inc. (KMI) went public with a $3.3 billion IPO in February that raised $1 billion more than projected, Bloomberg Markets magazine reports in its April issue.




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