{
  "id": 12109411,
  "title": "Singapore 9-month investment banking fees reach 5-year high of US$693.8 million",
  "url": "https://urgent.news/2026/10/05/singapore-9-month-investment-banking-fees-reach-5-year-high-of-us-693-12109411",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T08:11:36.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/singapore/singapore-9-month-investment-banking-fees-reach-5-year-high-us693-8-million"
  },
  "original_language": "en",
  "account": "Singapore's investment banking fees reached a five-year high of US$693.8 million in the first nine months of the year, marking a 9% increase from the previous year, according to LSEG Deals Intelligence. M&A advisory fees, which surged 23.7% to US$256 million, led the expansion and accounted for the lion's share of the total fee pool. Equity capital markets underwriting fees rose 11.5% to US$159.8 million, while syndicated lending fees grew 11.3% to US$175.9 million. Debt capital markets fees, however, fell by 24.6% to US$102.3 million. Global heavyweight Goldman Sachs topped the investment banking fee league table with US$86.5 million, making up 12.5% of the market share. Local lender DBS and Morgan Stanley followed with US$61.1 million and US$55.3 million respectively. Overall, M&A deal value involving Singapore nearly doubled, increasing 98.2% to US$104.3 billion, with activity driven by a record first quarter. The late-year moderation saw outbound M&A surge to an all-time record of US$46.3 billion, primarily fueled by sovereign wealth fund GIC's involvement in Anthropic's US$30 billion funding round and Singapore-based firms' acquisitions rising 88.5% to US$39.2 billion. Technology sector dominated M&A deal value at 45.8%, while Singapore-domiciled issuers raised US$7.4 billion in equity capital markets, a 28.2% year-on-year increase. Debt capital markets saw primary bond offerings from Singapore-domiciled entities reach US$37 billion, marking the strongest year-to-date period since 1980.",
  "summary": "M&A fees led expansion, surging 23.7% to US$256 million",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Singapore",
        "title": "Singapore 9-month investment banking fees reach 5-year high of US$693.8 million",
        "url": "https://urgent.news/2026/10/05/singapore-9-month-investment-banking-fees-reach-5-year-high-of-us-693",
        "published": "2026-10-05T08:11:36.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}