"We are pleased with increased revenue in the quarter, reflecting the stability in loan balances and overall strength of our diversified sources of fee income," said Tim Sloan, Wells Fargo's chief financial officer.
Australia provides the second-largest source of fees in the region after Japan, according to Lehman Brothers.
First, there could be a decline in mergers and acquisitions, which have been a rich source of fees to the banks.
Because its holdings were valued so highly, the firm was able to harvest significant amounts of carried interest, the single biggest source of fees for the industry.
Greenhill is betting the division will become a significant source of fees, at a time when merger-related work can be scarce.
For one thing, Long-Term Capital, which traded incessantly and on a massive scale, was a big source of fees and commissions.
For bankers, the ability to create specialised products for their clients, sold over-the-counter (OTC) like a tailored suit, is not only a fabulous source of fees.
Like so many in the oil industry, Mr. Burns says he suspects that trial lawyers in search of a new source of fees may account for part of it.
For starters, it might be the experience and sophistication private equity has in overhauling troubled companies, the strong negotiating leverage private equity firms have with banks and other financing sources (as they are a huge source of fees for them) and the ability of private equity firms to invest quickly in troubled firms.
The ministry of health was the main source of fees paid to physicians, and for the estimation of unit prices of services provided by other professionals [ 29].
