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Investment Banking

European investment banking fees at lowest since 2003

Sharp falls in equity capital markets and syndicated lending revenues have hit Europe's bankers this year

European investment banking fees at lowest since 2003
Photo: iStockPhoto

Investment bankers in Europe will end the year having earned fewer fees than at any point since 2003.

That was the year that then-US President George W Bush announced the end of major combat operations in Iraq, Malta voted to join the European Union, and UK football club Arsenal was on its way to completing an entire Premier League season unbeaten.

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