Banks Do Not Live by Big Deals Alone

Giant mergers and acquisitions get the headlines, but smaller ones pay the bills. Banks typically charge companies a higher percentage of the deal value for helping execute smaller transactions. Bankers count on takeovers of less than $5 billion for almost 90 percent of their advisory fees, according to merger consulting firm Freeman.

Welch is a reporter for Bloomberg News and Bloomberg Businessweek in Detroit.
Campbell is a reporter for Bloomberg News in London.
Applegate is a graphics editor for Bloomberg Businessweek in New York. Follow him on Twitter @evanapplegate.

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