RPT-Investment bank Q1 fees highest since 2007

(Repeats to add link to table, no other changes)

* Total fees paid in Q1 up 7.9 pct on year to $21.9 bln

* Financials, energy and power drive global fee pool

* J.P. Morgan tops global investment banking fee table

LONDON, April 5 (Reuters) – Nearly $22 billion was paid in
fees for global investment banking services in the first three
months of this year, the largest first-quarter amount since
2007.

The boom was driven by activity in the financials and energy
and power sectors, which together accounted for 45 percent of
the global fee pool over the period, up 3 percent and 21 percent
respectively on the first quarter of last year, according to
Thomson Reuters data released on Tuesday.

J.P. Morgan (JPM.N: Quote, Profile, Research) topped the global investment banking
league table by fees, receiving $1.39 billion in the first
quarter. Bank of America Merrill Lynch (BAC.N: Quote, Profile, Research) was close behind
on $1.36 billion and Morgan Stanley (MS.N: Quote, Profile, Research) was third on $1.2
billion.

Barclays Capital (BARC.L: Quote, Profile, Research) was the biggest top 10 gainer,
seeing a 41 percent rise in first-quarter fees, which propelled
it three places up the table to sixth.

Total fees, for services ranging from capital markets
underwriting to advising on mergers and acquisitions, rose 7.9
percent on the same period last year to $21.9 billion. The
biggest rise was in the United States, up 13.8 percent.

M&A was the biggest money generator for banks over the
quarter, bringing in $7.1 billion, boosted by mega-deals such as
the $59 billion recapitalisation of bailed-out U.S. insurer AIG
(AIG.N: Quote, Profile, Research).

International Power’s (IPR.L: Quote, Profile, Research) tie-up with GDF Suez (GSZ.PA: Quote, Profile, Research),
and Comcast’s (CMCSA.O: Quote, Profile, Research) takeover of NBC Universal were also
among the biggest mergers and acquisitions to complete this
year, Thomson Reuters data show.

Fees from debt capital markets underwriting were the only
product to decline, falling 1.3 percent on the year to $5.9
billion.

Seven of the top 10 global fee payers were U.S. based
financials or government-controlled financial entities,
including bailed-out mortgage finance giants Fannie Mae
(FNMA.OB: Quote, Profile, Research) and Freddie Mac (FMCC.OB: Quote, Profile, Research) which have together paid
more than $2.8 billion in fees since 2009.
For a table, click on [ID:nLDE7341CV]

(Reporting by Kylie MacLellan and Quentin Webb; Editing by
David Cowell)

RPT-Investment bank Q1 fees highest since 2007