ECM revenues slide — but at least it’s better than debt
Investment bank revenues from European ECM slid to $3.367bn in 2010, down 41% from 2009’s bumper haul even as the product globally accounted for as large a share of the overall capital markets fee pool as it has ever provided.
Fourth quarter global ECM revenues reached $7.9bn 62% of the capital markets (debt and equity) total, said data provider, Dealogic in its final release of full-year figures.
Revenues in the wider EMEA region reached $3.598bn in the year, 17% of the global ECM fee pool. Goldman Sachs topped
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