Citigroup bankers bring in fat fees

Some of Citigroup's corporate brokers, corporate financiers and debt capital markets bankers look like doing rather well this year.

A 30-strong team of Citigroup bankers could be on track for earning 70m in fees, The Times reported this week. The bankers, who span the divisions named above, worked on the 10.1bn purchase of BAA, the world's biggest airline operator, by a consortium led by Spanish company, Grupo Ferrovial.

The paper said the 70m was derived from arrangement costs and the margin on debt financing. Sadly, the bankers won't get all that money themselves, but should be amply rewarded for their contribution.