Bank of America Merrill Lynch , Credit Suisse and Goldman Sachs could take a hit if the Baker Hughes - Halliburton merger is called off by Hughes , over concerns Goldman was the lone advisor to Baker Hughes, which would have put it in line for a bigger check than Bank of America or Credit Suisse. the deal would make the oilfield services industry too concentrated . The deal is worth $ 35bn and with the advisory fees between 1 % to 2 % range , there could be earnings of around $ 350mn for the three banks if the merger goes through . Goldman Sachs stood to lose the most as it was the lone adviser to Baker Hughes .
Bank of America Merrill Lynch , Credit Suisse and Goldman Sachs could take a hit if the Baker Hughes - Halliburton merger is called off by Hughes , over concerns the deal would make the oilfield services industry too concentrated . The deal is worth $ 35bn and with the advisory fees between 1 % to 2 % range , there could be earnings of around $ 350mn for the three banks if the merger goes through . Goldman Sachs stood to lose the most as it was the lone adviser to Baker Hughes .