Wall Street firms still dominate the investment banking industry, but there has been a shake-up at the top. Danielle Myles investigates.
US firms took the top five places in data firm Coalition’s latest investment banking (IB) league tables, reaffirming their tight grip on the global IB industry.
The big change in the rankings – which are based on revenues from IB, equities, fixed income, currencies and commodities over the first half (H1) of 2017 – is Goldman Sachs moving to equal third place.
This is reportedly the Wall Street heavyweight’s lowest ranking in Coalition IB league tables since they began 10 years ago. It now languishes behind JP Morgan and Citi.
Bank of America Merrill Lynch (BAML) climbed from fourth in the full-year 2016 rankings to equal third place alongside Goldmans. Revenues between H1 2016 and H1 2017 improved most at BAML and Morgan Stanley, which held on to fifth place.
The only other movement in the league tables was by the two Swiss IBs. Credit Suisse climbed one spot to rank equal seventh (alongside Barclays) while UBS dropped a place to rank 10th. Deutsche Bank is still the highest-grossing European IB.
All data sourced from Coalition
