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Banking

League tables: Bank consolidation hardens top-10 dominance

Peter Lee
January 30, 2009

Consolidation among investment banks has had a big impact on the equity capital markets league table results in 2008 and will do so again in 2009.

Global ECM volume top 10
Rank Bookrunner parents Deal value $mln No. % share
1 JPMorgan 73,570 179 11.6
2 Goldman Sachs 61,224 126 9.7
3 Merrill Lynch 52,531 135 8.3
4 Citi 49,696 149 7.8
5 Morgan Stanley 47,076 134 7.4
6 UBS 40,269 163 6.4
7 Credit Suisse 32,109 117 5.1
8 Bank of America 28,150 60 4.4
9 Deutsche Bank 25,707 107 4.1
10 Barclays Capital 25,056 52 4.0
Subtotal 435,389 776 68.6
Total 634,409 2,995 100.0
Source: Dealogic

JPMorgan received a boost from its acquisition of Bear Stearns, and Lehman Brothers dropped out of the picture to be replaced by Barclays Capital, a new face in equity capital markets.

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Topics

Banking Asia PacificBankingCapital MarketsEmerging EuropeFebruary 2009
Peter Lee head.jpg
Peter Lee
Editorial director
Peter Lee is editorial director. He joined Euromoney straight from Oxford University in 1985, and has written about banking and capital markets ever since, being appointed editor in 1999. He became editorial director of Euromoney in May 2005.