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While Wall Street giants dominate, Europeans consolidate — very slowly

Investment banks in Europe seem reluctant to give up on any part of their business

By David Wighton
As they struggle to keep pace with the increasingly dominant Wall Street giants, top European investment banks have been gradually increasing their market share in a number of areas
As they struggle to keep pace with the increasingly dominant Wall Street giants, top European investment banks have been gradually increasing their market share in a number of areas Photo: Getty Images

David Wighton is a columnist at Financial News

The long-awaited consolidation in European investment banking may finally be happening. Just very slowly.

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