Fleet Financial Group and BankBoston Corp. will pay $70 million in fees to the four investment banks advising on their $15 billion merger, according to a filing with securities regulators Thursday.

BankBoston's advisers, Merrill Lynch & Co. and Morgan Stanley Dean Witter & Co., will each get $20 million, and Fleet's advisers, Donaldson, Lufkin & Jenrette and Goldman Sachs Group, will each get $15 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.