Bloomberg Televison’s Sheila Dharmarajan reported this morning on Bloomberg Markets’ ranking of the best-paid investment banks.
In 2009, banks collected $60 billion in fees for underwriting securities and M&A advisory work worldwide, up 13% from the year before.
JP Morgan (JPM) was ranked number one, taking in $4.97 billion in total fees (up 16% from 2008). Goldman Sachs (GS) was second, with $4.56 billion in fees. After ranking number one or two for the past several years, Citigroup (C) slipped to number five on the list.
