Corporate broking is regarded by many to be as British as cucumber sandwiches, fish and chips and complaining about the weather, but that could be set to change.

Bank of America Merrill Lynch on August 1 acted as sole bookrunner on a €126 million sale of shares in European aerospace and defence giant EADS. In announcing the deal, the US bank described EADS, which will change its name to Airbus Group, as a "corporate broking client".