The global investment bank last year set a record of nearly $104bn (76.7 billion pounds) in fees, advising on more than $3.5 trillion in acquisitions and mergers.
Globally, Banks charged $103.9 billion for their work, up 16 percent in 2016, the highest annual total since Thomson Reuters began sorting out data in 2000.
British bankers have collected $5.8bn in revenue from customers, up 17 per cent from 2016, as a fall in the value of the pound after the brexit vote has led to a reduction in overseas buyers’ targets.
Acquisition of $3.5 trillion last year, including Rupert Murdoch (Rupert Murdoch) for $26 billion to sell most of its 21st century fox empire to Disney, and amazon’s $13.7 billion takeover of organic food chain Whole Foods. It is the fourth consecutive year that global trading volume has topped $3 trillion, according to analysis released on Thursday, while bankers expect more deals in 2018.
“Last year there are a lot of (m&a) activity, including the rise in interest rates is likely to make many global companies picked up the phone to see how they should protect their investment bank assets and business, and whether in the era of cheap money before approaching to raise more capital,” stock broker, a senior analyst at Hargreaves Lansdown les husband (Mr. Laith Mr Khalaf) said.
“With the stock market rising and the global economy improving, there is no doubt that legal action will be added. A decade after the financial crisis, the global banking system has begun to show signs of healing and is now able to support economic activity from a more powerful position.
Wall Street giant Morgan chase charged only $6.7 billion last year. Last year, the bank paid its chief executive, Jamie Dimon, the most expensive bank in the us and Europe, with revenues up 16.4 per cent from 2016. Jpmorgan chase (JP Morgan) – next week’s results. Goldman charged a second high of $5.9 billion, up 14 percent from 2016.
The two us Banks also revealed on Thursday that they had already rewarded 1,396 investment bankers in the UK with an average annual salary of $1.5 million (1.1 million pounds) in 2016. Jpmorgan paid a total of 672 senior positions or risk positions for a total of $1. According to Reuters calculations, the average Goldman banker earned an average of $1.48 million.
The top 10 Goldman bankers in the UK received more than 9 million euros in bonuses, while 14 of jpmorgan’s executives received more than 5 million euros in bonuses – the highest paid.
Bank fees and salary data are published on “fat cat Thursday”, the day the average ftse 100 chief executive has been paid more than the average worker in the UK.