11.   But underwriting fees in most debt categories declined in the second quarter, reflecting concerns about interest rates, the firm said.

12.   Lenders who make such financing in a bankruptcy proceeding typically get high priority for repayment and their loans come with high interest rates and high underwriting fees.

13.   Rankings of the firms that earned the biggest underwriting fees showed a fairly significant shift in the quarter.

14.   Slumping stocks and bonds can mean less in commissions and underwriting fees for securities firms, so higher earnings for Travelers and DLJ should have been hopeful all around.

15.   Terms of the securities let the companies recoup underwriting fees if they redeem the preferred rather than contest the IRS proposal.

16.   That promises rich underwriting fees for Wall Street.

17.   That hurt underwriting fees and depressed trading volume, cutting commissions.

18.   The decline was bad news for Wall Street, which saw quarterly underwriting fees fall to the lowest level in nearly three years.

19.   The decline helps explain the drop in underwriting fees, since those sales provide the biggest underwriting fees to investment banks.

20.   The firm earned lucrative underwriting fees from companies whose securities Grubman was aggressively recommending.