Asia deals as a new pillar of global investment bank revenue

The biggest deals come from Asia; of the eight largest IPOs in 2010, seven were in Asia; JPMorgan Chase and Morgan Stanley ranked top of the list, with JPMorgan topping the top of the global investment bank's ranking of 20 top "Caixin Net" (reporter Ma Yuan) Bloomberg's latest 2010 Global Investment Bank Income list. JPMorgan topped the list with 4.14 billion dollars in fees, while Morgan Stanley and Goldman Sachs ranked second and third in 3.67 billion and 3.6 billion dollars respectively.　　The biggest deals come from Asia. Asian trading activities dominate the 2010. The Asian region has raised more capital through IPOs than any other region. Of the eight largest IPOs in 2010, seven were in Asia, and Asian companies raised 115 billion of billions of dollars through IPOs, more than 91 billion dollars in other parts of the world. These include the 22.1 billion-dollar dual-track distribution of Agricultural Bank in Shanghai and Hong Kong, the largest IPO ever traded in the world's history. The deal brought a handsome profit to investment banks.　　Goldman Sachs and Morgan Stanley are the main underwriters.　　Dan Cummings, head of global equity capital markets at BofA-Merrill Lynch in New York, points out that "the pace of new offerings in Asia is likely to continue to grow at a high rate".　　The world's highest-cost investment bank in 2010 was JPMorgan Chase, the top-ranked Bloomberg 20 for three consecutive years, with a total cost of $4.14 billion trillion, according to Bloomberg's ranking of investment banks.　　The bank also topped the list in terms of bond and share issuance fees, with Morgan Stanley replacing Goldman Sachs as the second-largest in 2010, with a total cost of $3.67 billion trillion, and Goldman Sachs overall ranking third with a total cost of $3.6 billion. Goldman Sachs ranked number one in terms of acquisition cost revenue, which has topped the list of acquisition fees each year since Bloomberg's 20-strong rankings began in 2004.　　BofA Merrill Lynch and Deutsche Bank ranked fourth and fifth, respectively, at $2.91 billion and 2.69 billion. Morgan's investment banking peaked last year, and continued business profits, including deals, almost doubled, from $1.39 billion trillion in 2009 to $3.75 billion trillion. The company's investment-banking earnings in the fourth quarter were higher than Goldman Sachs.　　Of the four largest IPOs last year, Morgan Stanley served as the main underwriter for three of them: General Motors, Agricultural Bank of China and AIA Group. Barclay plc McGee, head of global investment banking at Barclays Capital in New York, said that while bankers thought the global market was improving, it would take years to close to a record 86.9 billion-dollar cost of investment banking in 2007. "It is very difficult to get back to the 2007-year level quickly because of new capital requirements and full deleveraging of financial institutions ' balance sheets," McGee said. According to Bloomberg Information Capital Market rankings, JPMorgan is the winner of 2010 's Equity underwriting and equity-related underwriting earnings。 JPMorgan Chase has been in the forefront of the list for the third consecutive year.　　The bank's underwriting revenues amounted to $16.1 billion trillion, surpassing Goldman Sachs, the second-highest, and Goldman Sachs earning 15.7 billion of billions of dollars in equity underwriting, with the third-place Morgan Stanley gaining 15.1 billion dollars. Bloomberg data show that the global IPO and the total number of new shares issued in the same year, 2010 share issuance and issuance of additional income of 16.3 billion U.S. dollars, 2009, 16.4 billion U.S. dollars, the global regional companies to raise the total amount of money to 549 billion U.S. dollars, Compared with 2009, 446 billion U.S. dollars, a big increase of 23%.　　This was the result of a 19% per cent drop in the price of shares issued, down from 3.65% to 2.94%. J.P. Morgan became the 2010 bond underwriter, with a bond underwriting fee of $1.26 billion trillion, Bloomberg data showed. Bank of America ranked second, earning 1.07 billion of dollars in underwriting fees, and Citigroup's position in the standings continued to fall, from second place in 2009 to 5th place.　　Citigroup was a leading bond underwriter between 2004 and 2008. The largest corporate bond issue in 2010 was Kraft Foods, which issued 9.5 billion of billions of dollars in bonds for the acquisition of Cadbury, a london-based listed company. The world's second-largest corporate bond issue deal in 2010 was Buffett's Bershire Hathaway company issued 6 billion of dollars in bonds to buy Burlington Northern Santa Fe, which had a total price of $26.5 billion.