Thomson Financial League Tables

   

Thomson Financial's standard league tables are rankings of Investment Banks in terms of the dollar volume of deals they work on. New standard league table sessions in compliance with 2004 league table criteria for Debt, Equity, Syndicated Loans, Project Finance and M&A are currently available.

M&A League Tables criticisms

For example, in the mergers and aquisitions category, the purchase prices of the aquisitions that an Investment Bank advises on are added up, and Investment Banks are ranked in this way.

Critics say that these tables are very decieving. Many of the rankings do not take into account how much money the investment bank is paid, so that someone can give away their advice for free and be ranked number one yet obviously make no money. Secondly, credit for advice or deals is often given to companies who didn't really work on a deal, in order to please that company. In short, critics lambast the league tables as a tool for Investment Banker's egos.

Debt & Equity

Underwriting Leaders Jan 1, 2003 - Dec 31, 2003
Market Sector # 1 Ranked Bookrunner Market Share (%) Proceeds ($ mils)
Stock & Bonds
Global Debt, Equity & Equity-related Citigroup 10.2 542,748.5
Global Disclosed Fees Citigroup  ? 1,760.2
Stocks
Global Equity & Equity-related Goldman Sachs 11.9 46,142.0
Global Convertible Offerings JP Morgan 13.1 21,550.8
Global Common Stock- U.S. Issuers Goldman Sachs 16.2 12,763.1
Global Initial Public Offerings - U.S. Issuers Goldman Sachs 19.2 2,657.9
Bonds
Global Debt incl. MBS, ABS & U.S. Tax Munis Citigroup 10.2 501,813.5
Global High Yield Corporate Debt Credit Suisse First Boston 15.6 22,791.3
US Investment Grade Citigroup 20.5 135,196.2
All US Federal Credit Agency Debt Deutsche Bank 8.6 101,974.2
US Mortgage-backed Securities UBS AG 11.6 104,061.6
US Asset-backed Securities Citigroup 11.2 64,915.7
Global Loans JP Morgan 17.5 336,230.6
Syndicated Loans
U.S. Syndicated Loans JP Morgan 28.3 277,361.4
U.S. Leveraged Loans JP Morgan 22.3 82,218.5


Mergers & Acquisitions

M&A Leaders Jan 1, 2003 - Dec 31, 2003
Market Sector # 1 Ranked Advisor Market Share (%) Rank Value $US mil
Worldwide Announced Mergers & Acquisitions Goldman Sachs & Co 29.5 392,699.5
Worldwide Completed Mergers & Acquisitions Goldman Sachs & Co 31.0 356,182.1
US Announced Mergers & Acquisitions Goldman Sachs & Co 45.6 239,420.6
US Completed Mergers & Acquisitions Goldman Sachs & Co 44.9 200,854.1


Syndicated Loans

Project Finance

Municipals

See also

External links

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