<p>Reckoning For the fourth year in a row, Wall Street banks set a record for fees even amid turmoil in the markets. As bankers pay for their past excesses, history shows fees may plummet in 2008.</p><p>M&amp;A<br/>Record merger advisory fees in 2007 will be hard to repeat for Goldman Sachs and the rest of Wall Street because the buyout boom has come to a halt. </p><p>EQUITIES<br/>UBS led in stock underwriting, which held up even as bond issues and buyouts wilted. A dearth of IPOs in 2008 threatens to knock fees off their record pace.</p><p>Bonds<br/>High-yield bonds to fund leveraged buyouts made 2007 a record year and left a mess for fixed-income bankers in 2008. </p><p>CDOs<br/>Merrill Lynch and Citigroup led in sales of collateralized debt obligations—and racked up multibillion-dollar losses when they turned sour. </p><p>---------------------</p><p>A nice review for year 2007, five files, 26 Pages.</p><p><br/><br/><br/><br/><br/></p>

[此贴子已经被作者于2008-3-11 20:41:53编辑过]