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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (73445)	1/13/2008 6:37:41 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

LBO Firms Reduce Banking Fees as Takeovers Dry Up (Update1) By Edward Evans Jan. 11 (Bloomberg) -- The decline in leveraged buyouts is slashing fees for investment banks, including Deutsche Bank AG and JPMorgan Chase & Co., by about 50 percent. Buyout firms paid $5.4 billion to securities firms in the U.S. and Europe in the second half of 2007, 38 percent less than the first six months, data compiled by New York-based research firm Freeman & Co. and Thomson Financial show. The drop was steepest in Europe, where fees fell 54 percent. bloomberg.com