No. 1LondonMonday 2 November 2026Est. 2026

The Secret Banker

What the big banks charge, found from public information as best I could, with the source under every figure. And a Panel.

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Rankings

League tables as the publishers print them, not as the banks quote them. Full year 2025, from LSEG's own review PDFs. Most firms are first at something, given enough footnotes.

Private bankingCapital marketsM&A advisoryDealsRankingsTransparency index

Global announced M&A, financial advisers

Ranked by deals, not by feelings.

#Bank
134Goldman Sachs
239JPMorgan Chase
2241Morgan Stanley
449Bank of America
4242Citigroup
5243Rothschild & Co
6244Lazard
759Barclays
9245UBS
12246BNP Paribas
13247Deutsche Bank

Global investment banking fees

Fees as LSEG counts them. Modesty as observed.

#Bank
140JPMorgan Chase
1248Goldman Sachs
2249Morgan Stanley
2250Bank of America
3251Citigroup
660Barclays
7252UBS
7253BNP Paribas
8254Deutsche Bank
9255Lazard
10256HSBC
1178Rothschild & Co

Ranks are positions among all banks in the publisher's table; banks outside this site's list are omitted, which is why numbers skip. UK-involvement tables, ECM, IPO and debt rankings for 2023 to 2026 are in the data and will each get a column.

No decision should be taken on the strength of a table, and counsel expects that several will be.