Photographs: Toby Melville/Reuters
On average over the last three years, General Electric has paid out more in investment-banking services than any other corporation, according to The Economist.
Let's take a look at some of the biggest corporate fees paid to investment banks by companies.
Source: The Economist
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Biggest fees paid by companies to investment banks
Photographs: Brendan McDermid/Reuters
General Electric
Annual average fee (2010-2012): $278 million
Global rank: 1
Area of expertise: General Electric is an American multinational conglomerate corporation incorporated in Schenectady, New York, and headquartered in Fairfield, Connecticut, United States. The company operates through four segments: Energy, Technology Infrastructure, Capital Finance and Consumer & Industrial.
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Biggest fees paid by companies to investment banks
Photographs: Eric Thayer/Reuters
American International Group
Annual average fee (2010-2012): $215 million
Global rank: 2
Area of expertise: American International Group is a multinational insurance corporation. Its headquarters are located at 180 Maiden Lane in New York City.
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Biggest fees paid by companies to investment banks
Photographs: Phil McCarten/Reuters
Porsche
Annual average fee (2010-2012): $180 million
Global rank: 3
Area of expertise: Porsche is a German holding company with investments in the automotive industry.
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Biggest fees paid by companies to investment banks
Photographs: Steve Sisney/Reuters
Chesapeake Energy Corporation
Annual average fee (2010-2012): $155 million
Global rank: 4
Area of expertise: Chesapeake Energy is an oil and natural gas company located in Oklahoma City, United States. Its operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the US.
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Biggest fees paid by companies to investment banks
Photographs: Bobby Yip/Reuters
American International Assurance
Annual average fee (2010-2012): $151 million
Global rank: 5
Area of expertise: American International Assurance is an insurance company based in Hong Kong. It has offices in Asia-Pacific, including Taiwan, China, Australia, New Zealand, Japan, India, Sri Lanka, Malaysia, Macau, South Korea, Thailand, the Philippines, Singapore, Brunei and Vietnam.
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Biggest fees paid by companies to investment banks
Photographs: Adam Hunger/Reuters
PPL Corporation
Annual average fee (2010-2012): $150 million
Global rank: 6
Area of expertise: PPL is an energy company headquartered in Allentown, Pennsylvania, US. It currently controls about 19,000 megawatts of electrical generating capacity in the United States, primarily in Pennsylvania and Montana, and delivers electricity to 1.4 million customers in Pennsylvania, nearly a million in Kentucky, and 7.8 million in Great Britain.
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Biggest fees paid by companies to investment banks
Photographs: Wolfgang Rattay/Reuters
Kinder Morgan
Annual average fee (2010-2012): $130 million
Global rank: 7
Area of expertise: Kinder Morgan is an American energy company. It is, through a subsidiary, the general partner and owner of many of the interests in Kinder Morgan Energy Partners, a publicly traded pipeline and terminal limited partnership.
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Biggest fees paid by companies to investment banks
Photographs: Handout/Reuters
BHP Biliton
Annual average fee (2010-2012): $126 million
Global rank: 8
Area of expertise: BHP Billiton is an Anglo–Australian multinational mining and petroleum company headquartered in Melbourne, Australia, and with a major management office in London, United Kingdom. It is the world's largest mining company measured by 2011 revenues and as of February 2011 was the world's third-largest company measured by market capitalisation.
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Biggest fees paid by companies to investment banks
Photographs: Jason Lee/Reuters
CNPC
Annual average fee (2010-2012): $125 million
Global rank: 9
Area of expertise: China National Petroleum Corporation is a Chinese state-owned oil and gas corporation and the largest integrated energy company in China. It has its headquarters in Dongcheng District, Beijing.
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Biggest fees paid by companies to investment banks
Photographs: Michael Buholzer/Reuters
Glencore
Annual average fee (2010-2012): $124 million
Global rank: 10
Area of expertise: Glencore International plc is an Anglo-Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland, and with its registered office in Saint Helier, Jersey.
It is the world's largest commodities trading company, with a 2010 global market share of 60 per cent in the internationally tradeable zinc market, 50 per cent in the internationally tradeable copper market, 9 per cent in the internationally tradeable grain market and three per cent in the internationally tradeable oil market.
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Biggest fees paid by companies to investment banks
Photographs: Fred Prouser/Reuters
Health care REIT
Annual average fee (2010-2012): $123 million
Global rank: 11
Area of expertise: Health Care REIT's $16.5 billion portfolio spans the full spectrum of health care real estate, including senior living communities, medical office buildings, inpatient and outpatient medical centres and life science facilities.
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Biggest fees paid by companies to investment banks
Photographs: George Frey/Reuters
Williams Companies
Annual average fee (2010-2012): $123 million
Global rank: 12
Area of expertise: The Williams Companies is an energy company based in Tulsa, Oklahoma. Its core business is natural gas exploration, production, processing, and transportation, with additional petroleum and electricity generation assets. A Fortune 200 company, its common stock is a component of the S&P 500 and the Dow Jones Utility Average.
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Biggest fees paid by companies to investment banks
Photographs: Yuriko Nakao/Reuters
Dai-ichi Mutual Life Insurance
Annual average fee (2010-2012): $122 million
Global rank: 13
Area of expertise: The Dai-ichi Life Insurance Company is the third-largest life insurer in Japan measured by revenue, only behind Japan Post Insurance and Nippon Life Insurance.
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Biggest fees paid by companies to investment banks
Photographs: Jacky Naegelen/Reuters
GDF Suez
Annual average fee (2010-2012): $121 million
Global rank: 14
Area of expertise: GDF Suez is a French multinational electric utility company, headquartered in eighth arrondissement, Paris; which operates in the fields of electricity generation and distribution, natural gas and renewable energy.
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Biggest fees paid by companies to investment banks
Photographs: Regis Duvignau/Reuters
El Paso Corporation
Annual average fee (2010-2012): $120 million
Global rank: 15
Area of expertise: El Paso Corporation provides natural gas and related energy products and is one of North America's largest natural gas producers. It is headquartered in Houston, Texas, United States.
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