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European banks lose ground as US rivals romp ahead

Only the European banks in the global top 10 by fees have lost market share, with US rivals all either adding or holding firm

European banks lose ground as US rivals romp ahead
Photo: Getty Images

Europe’s biggest investment banks are suffering a fee shortfall of more than $1 billion compared with last year, hit by reduced activity in Europe and fierce competition in the US.

Deutsche Bank, Barclays, Credit Suisse and UBS have all lost market share in global investment banking fees this year up to June 4 versus the same period last year, according to Financial News analysis of Dealogic data.

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