File - A view of the exterior of the Citibank Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar
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Investment-banking fees in the Middle East have risen 13 percent this year, with HSBC Holdings Plc and Citigroup Inc. leading the rankings, according to Freeman & Co.Arranging M&A transactions accounted for $111 million, or more than a third of total fees, the data show.HSBC and Citigroup captured the greatest share of the investment-banking fee pool, with the London-based bank earning $36.7 million from deals, or 11.6 percent of the total, and Citigroup earning $27.5 million or 8.7 percent, according to Freeman. Income from equity capital market deals rose 67 percent during the first five months, even though few companies sold shares in initial public offerings, the Freeman data show.
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