+++
Based on 1997 volume
Syndicated Lending
Proceeds in No. of 1996
Rank Managers millions packages rank
1 Chase Manhattan $41,812.00 39 1
2 Citicorp 28,450.00 21 5
3 NationsBank 24,582.80 35 4
4 BankAmerica 19,751.00 19 6
5 Toronto-Dominion Bank 18,738.50 26 2
6 Bank of New York 18,710.00 24 3
7 JP Morgan & Co. 18,570.00 11 7
8 BZW/Barclays 8,345.00 8 18
9 First Union 8,343.00 12 12
10 CIBC Wood Gundy 7,970.00 14 8
11 Bank of Montreal 7,680.00 5 nr
12 Bank of Tokyo-Mitsubishi 6,815.00 3 nr
13 Credit Lyonnais 6,600.00 5 14
14 Scotiabank-Bank of Nova Sco 6,113.00 5 9
15 Fleet Financial Group 5,474.00 7 19
16 BankBoston 5,155.00 11 13
17 RBC Dominion Securities 5,137.50 3 23
18 Industrial Bank of Japan 5,039.00 2 16
19 Goldman Sachs 4,386.00 9 nr
20 Bankers Trust 4,349.50 11 22
Industry Totals $80,805.50 151
Leveraged Lending
Proceeds inNo. of 1996
Rank Managers millions packages rank
1 Chase Manhattan $8,367.00 20 1
2 NationsBank 7,892.80 21 3
3 Toronto-Dominion Bank 7,440.00 15 2
4 Bank of New York 4,730.00 10 4
5 Bankers Trust 4,299.50 10 17
6 Goldman, Sachs & Co. 4,066.00 8 nr
7 Citicorp 2,970.00 4 11
8 CIBC Wood Gundy 2,925.00 12 5
9 J.P. Morgan & Co. 2,770.00 5 10
10 BankAmerica 2,701.00 10 8
11 BZW/Barclays PLC 2,625.00 5 14
12 Bank of Tokyo-Mitsubishi 1,750.00 1 nr
13 BankBoston 1,660.00 4 7
14 Donaldson, Lufkin & Jenrette 1,331.00 3 nr
15 Credit Lyonnais 1,000.00 2 19
16 Bank of Montreal 930 3 20
17 Paribas 815 3 18
18 Scotiabank-Bank of Nova Scoti 803 2 6
19 CoreStates 787.5 3 22
20 First Chicago-NBD 350 3 23
Industry Totals $23,538 79
Equity Underwriting
Proceeds in No. of 1996
Rank Managers millions packages rank
1 Merrill Lynch & Co. $2,217.70 10 4
2 Salomon Smith Barney 1,630.10 10 2
3 Goldman, Sachs & Co. 1,380.50 9 1
4 Morgan Stanley Dean Witter 880.2 6 6
5 Bankers Trust 774.4 4 7
6 Bear, Stearns & Co. 414.1 2 10
7 Donaldson, Lufkin & Jenrette 408.8 5 3
8 Credit Suisse First Boston 406.6 2 8
9 Lehman Brothers 267.5 5 5
10 SBC Warburg Dillon Read 223.9 3 18
11 China International Capital 211.8 1 nr
12 UBS 154.3 3 nr
13 NationsBank 141.6 3 19
14 Hambrect & Quist 103.5 3 12
15 BankAmerica 100 1 16
16 PaineWebber 63.3 1 13
17 RBC Dominion Securities 38.6 1 nr
18 Ferris, Baker Watts 34.2 1 nr
19 Dresdner Kleinwort Benson 33.3 1 11
20 Invemed Associates 26 1 nr
Industry Totals $9,660.00 75
M&A Advisor
Proceeds in No. of 1996
Rank Managers millions packages rank
1 Lehman Brothers $74,471.50 13 7
2 Lazard Houses 73,370.60 9 4
3 Salomon Smith Barney 48,266.70 8 1
4 Merrill Lynch & Co. 39,050.70 17 2
5 SBC Warburg Dillon Read 26,019.80 1 nr
6 Morgan Stanley 17,507.50 15 3
7 Goldman, Sachs & Co. 13,111.30 14 10
8 Rothchild Group 8,670.40 1 nr
9 Chase Manhattan 6,134.10 7 12
10 Donaldson, Lufkin & Jenrette 5,694.20 12 9
11 Wasserstein, Perella 5,130.40 6 15
12 Credit Suisse First Boston 5,110.50 11 11
13 Greenhill & Co. 4,696.90 5 14
14 Bear, Stearns & Co. 3,394.30 10 5
15 HM2/Management Partners LP 2,108.30 2 nr
16 Blackstone Group 680.9 1 nr
17 First Union Corp. 629 1 19
18 BT Alex. Brown/Wolfensohn 591.4 6 16
19 ABN AMRO Hoare Govett 545 2 nr
20 JP Morgan & Co. 490 3 24
Industry Totals $124,131.90 563
High-Yield Bond Underwriters
Proceeds No. of 1996
Rank Managers millions packages rank
1 Merrill Lynch & Co. 5,602.00 24 2
2 Morgan Stanley Dean Witter 3,966.70 18 3
3 Donaldson, Lufkin & Jenrett3,284.30 13 1
4 Salomon Smith Barney 3,054.30 14 4
5 Bear, Stearns & Co. 2,560.70 12 7
6 Bankers Trust 1,305.30 6 6
7 Chase Manhattan 1,169.90 5 12
8 Goldman, Sachs & Co. 786.7 6 5
9 Credit Suisse First Boston 686.3 7 11
10 Lehman Brothers 621.6 4 9
11 JP Morgan & Co. 488.1 3 8
12 CIBC Wood Gundy Securities 462.7 5 nr
13 NatWest Markets 426.8 4 nr
14 UBS 421 3 nr
15 ING Barings 150 1 nr
16 Citicorp 111.3 1 15
17 Prudential Securities 100 1 10
18 BankAmerica 100 1 nr
19 Jefferies & Co. 75 1 nr
20 NationsBank 32.9 1 nr
Industry Totals $25,410.9 127
