Morgan Stanley and Japanese banks gain ground

摘要

MORGAN STANLEY has overtaken rivals BANK OF AMERICA MERRILL LYNCH and CITIGROUP to rank third for global investment banking fees so far this year. Morgan Stanley brought in US$3.5bn in fees from M&A advisory, debt and equity underwriting and syndicated lending through to August 30, giving it a 5.2% share of the global market, according to data from Thomson Reuters.