HSBC ranked 1st in IB rankings for Mid-Year 2025

I thought J.P Morgan were wiping the floor but I saw this post from Krugman Insights:

💡HSBC retained its top spot with $64.0M in fees, capturing 8.3% wallet share despite a -2% YoY decline in total industry fees. HSBC’s continued dominance reflects its regional strength in advisory, capital markets, and structured finance.

➡️ Mid-Year 2025 Top 10 Investment Banks by MENA Fees:

  1. HSBC Holdings PLC: $64.0M
  2. J.P. Morgan: $56.0M
  3. Citi: $50.8M
  4. Goldman Sachs: $48.9M
  5. Standard Chartered: $43.9M
  6. Emirates NBD: $37.5M
  7. First Abu Dhabi Bank (FAB): $26.6M
  8. Morgan Stanley: $24.4M
  9. Bank of America: $19.9M
  10. BNP Paribas: $19.7M
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