JP Morgan was the most active investment bank in Europe in the record first half of the year, while private equity firm Kohlberg Kravis Roberts paid the most in fees, according to analysis by Financial News and Dealogic, an investment banking data provider.

JP Morgan deposed Goldman Sachs in the ranking of investment banking market share in debt and equity capital markets as well as mergers and acquisitions. Goldman dropped to sixth place, while Morgan Stanley underlined its recent recovery under chief executive John Mack by coming second, ahead of Deutsche Bank in third. JP Morgan topped the league tables in M&A with a 35.1% share and was fourth in equities.