Equity capital markets underwriting fees contributed to this decline, totalling US$11.8 million ($15.9 million), 36% down y-o-y. Similarly, advisory fees earned from completed mergers and acquisitions (M&A) transactions are down 74% compared to 2023 at a total of US$28.3 million ($38.3 million).
The London Stock Exchange Group (LSEG) has released its preliminary data focusing on Singapore Investment Banking for the first quarter of the year (1Q2024).
LSEG, an established provider of financial data and analytics, found that investment banking fees in the first quarter of 2024 have fallen by 14% to US$185.7 million ($251.0 million) compared to the same period last year.
