Equity is the Best for Fees

Equity is by far the biggest money spinner for banks in the region, Dealogic data shows. Volume, at $11bn so far this year, is less than a third of M&A ($33bn) or debt ($34bn). But the fee pool is more than twice as big. ECM fees in the year to May 15 were $318m, while M&A paid out $142m and debt $167m, according to Dealogic.