| Global DCM revenue rankings 2008 |
| Rank |
Bank |
Revenue ($mln) |
% share |
| 1 |
JPMorgan |
1,033 |
7.6 |
| 2 |
Citi |
860 |
6.3 |
| 3 |
Barclays Capital |
856 |
6.3 |
| 4 |
Merrill Lynch |
710 |
5.2 |
| 5 |
Bank of America |
645 |
4.7 |
| 6 |
UBS |
622 |
4.6 |
| 7 |
Deutsche Bank |
615 |
4.5 |
| 8 |
Credit Suisse |
606 |
4.4 |
| 9 |
RBS |
544 |
4.0 |
| 10 |
Morgan Stanley |
543 |
4.0 |
|
Subtotal |
7,035 |
51.6 |
|
Total |
13,743 |
100.0 |
| Source: Dealogic |
|
| Global DCM volume 2008 |
| Rank |
Bookrunner |
2008 |
2007 |
|
|
Deal value $mln |
% share |
Rank |
Deal value $mln |
% share |
| 1 |
Barclays Capital |
368,765 |
8.3 |
1 |
584,342 |
9.6 |
| 2 |
JPMorgan |
350,628 |
7.9 |
2 |
570,648 |
9.4 |
| 3 |
Deutsche Bank |
252,909 |
5.7 |
4 |
413,069 |
6.8 |
| 4 |
Citi |
250,621 |
5.7 |
3 |
436,804 |
7.2 |
| 5 |
RBS |
217,186 |
4.9 |
9 |
267,855 |
4.4 |
| 6 |
Merrill Lynch |
214,926 |
4.9 |
5 |
378,858 |
6.2 |
| 7 |
UBS |
202,463 |
4.6 |
10 |
266,398 |
4.4 |
| 8 |
Goldman Sachs |
187,011 |
4.2 |
8 |
269,322 |
4.4 |
| 9 |
Bank of America |
182,820 |
4.1 |
7 |
307,913 |
5.1 |
| 10 |
Credit Suisse |
180,186 |
4.1 |
11 |
249,997 |
4.1 |
|
Subtotal |
2,407,515 |
54.5 |
|
3,745,205 |
61.5 |
|
Total |
4,420,057 |
100 |
|
6,094,887 |
100 |
| Source: Dealogic |
|
The impact of the financial turmoil, far from concentrating activity in the hands of the biggest players, is apparently levelling the field. The top debt houses took a smaller slice of a smaller pie in a shrinking market. Barclays Capital has leapt to number one in volumes on the back of its takeover of Lehman Brothers in the US, edging out last year’s big three of JPMorgan, Citi and Deutsche Bank.
