Mumbai : Despite a massive fall in deal making in the March quarter , deal makers laughed their way to the bank with $ 261.5 million in invest mint banking fees during the same period , according to a re port . The amount is 2 % higher compared to the year – ago period . In the three months ended March , deal – making activities declined for the third consecutive tie quarter , making it the slow Est start to a year since 2016 amid multiple headwinds .
Geopolitical tensions , sup ply chain disruptions , rising interest hikes and global recession fears continue to dampen boardroom confidence and in vector sentiment , Definitive , which is an LSEG business unit and among the world’s largest providers of financial markets data and infrastructure , said in the report .
Equity Capital Market ( ECM ) underwriting fees rose 15 % to $ 50 million – the highest first quarter fees since 2021 while debt capital market underwriting fees totalled $ 71.4 million . The latter is a 22 % in crease compared to the year ago period . Syndicated lending fees soared 86 % on – year generating $ 59.6 million in the first quarter of 2023 .
However , completed M & A advisory fees fell 35 % on – year and totalled $ 80.5 million .
Wall Street investment banker Goldman Sachs took the top position for overall in vestment banking fees walking away with $ 20.2 million , accounting for 7.7 % of the wallet share in the investment banking fee pool , the report said .