IB Fee Pool Seen Stable: Bankers

IB Fee Pool Seen Stable: Bankers

Equity Bonds

Investment banking revenue is down from one year ago, but not so much that catching 2011's total fee haul is impossible. With fees charged for deals relatively stable from last year, bankers say volumes will be more of a driver for their revenue than anything, and diversification away from Brazil is becoming more and more important. A strong September and October in DCM and ECM would help the picture the most. "The only fee base that came down [this year] was ECM," Guilherme Paes, head of invest

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