Investment Banking

UK dealmaking fees surge 33% after two-year drought

JPMorgan topped the revenue league tables during the first quarter

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.

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