Goldman Sachs tops global league tables
Goldman Sachs (NYSE: GS) still rules the global league tables, by Dealogic's reckoning anyway. The embattled investment bank has won the first half of the year. Goldman served in an advisory role on 129 deals worth $224 billion. That gave it a market share of just about 20 percent of worldwide activity. Credit Suisse Group came in second on a deal in terms of valuation, up from ninth place a year ago.
Morgan Stanley, JP Morgan and Bank of America Merrill Lynch rounded out the top five, as noted by Dow Jones. In terms of fees, Goldman Sachs led JP Morgan, Morgan Stanley, Credit Suisse and Deutsche Bank AG.
Goldman's spot at the top of this table has been stolen only twice in the past decade. This doesn't mean the company's woes are behind it. It still has a lot of client relations work to do. All in all, deal activity started to sputter again in the second quarter. According to Dealogic, the value of global M&A in the second quarter was just $552.7 billion, the second-lowest quarterly value for five years.
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