Investment Banking

UK dealmaking fees surge 33% after two-year drought

JPMorgan topped the revenue league tables during the first quarter

Wednesday 3 April 2024 at 10:19

UK deal fees rebounded in the first quarter of 2024
UK deal fees rebounded in the first quarter of 2024 Photo: Mike Kemp/In Pictures via Getty Images

Investment banking fees from UK deals surged by 33% in the first quarter, hitting their highest rate in three years as JPMorgan jumped ahead of its rivals to top the league tables.

Banks hauled in $1.2bn in the UK, according to data provider Dealogic, which was a 33% jump on the same period in 2023 and the highest quarterly fee pool since Q1 2021.