Friday, March 30, 2007

Citigroup, Merrill top Q1 Wall Street underwriters

(Reuters) - Citigroup Inc. was as usual the biggest underwriter by volume, handling $202.3 billion of transactions, for a 9.5 percent share. JPMorgan Chase & Co. ranked second with $175.5 billion of transactions, followed by Deutsche Bank AG's $156.9 billion.

Citigroup gave up its usual crown as the top fee generator to Merrill Lynch & Co. , which vaulted from ninth place a year earlier. Merrill posted $436 million of fees, followed by JPMorgan's $383.7 million and Citigroup's $244.1 million.


Read more at Reuters.com Bonds News

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