insto - Australian financial markets

Highlights from the preliminary Thomson Reuters Capital Markets Review for Q4 09 and the 2009 year in review include the following:

• IB fees at lowest annual activity level since 2004: With an estimated US$67.4bn earned in 2009 global investment banking fees (IB fees) are down 10 per cent when compared to last year. It is also the lowest level of annual activity since 2004 (US$67.2bn). Q4 figures do not fare any better down 7 per cent when compared to last quarter.