Fees charged by investment bankers in the past six months, for services ranging from merger and acquisition advice to capital markets underwriting, have hit a ten-year high.
The amount charged in the first half of this year rose to $50.1bn, a 16.6 per cent increase on the same period last year, according to Thomson Reuters data.
It was the most charged in any half-year since the first six months of 2007, and the second highest since Thomson Reuters began keeping records in 2000.
Fees in Europe increased 22.3 per cent, second only to the rise in Japan. where they rocketed 59.6 per cent.
The only decrease on the first half of last year was in the Middle East and Africa, where fees fell 0.6 per cent.
JP Morgan raked in the most cash, levying $3.4bn in fees and swiping 6.74 per cent of overall wallet share.
In the UK, investment banks pocketed $2.65bn of fees which - up 7.9 per cent year on year. Unsurprisingly, investment bankers netted more money than any other European country, although their sum was tiny compared with the $21.68bn charged in the US.
Of the major European nations, Switzerland saw the highest increase in fees as the amount bankers received shot up 95.3 per cent, to $793m.
The news comes as investment banks are slowly adapting to newer technologies, helping them to offer more bespoke services to their clients.
Thomson Reuters' data has also revealed which companies pay the most in fees, on an annual average.
General Electric topped the list, paying $342m, followed by US telecoms company Charter Communications, Belgium-headquartered drinks manufacturer Anheuser-Busch Inbev, Dell parent Denali Holding and mobile network operator AT&T.