LONDON (Dec 22): Wall Street banks strengthened their lead in European investment banking in 2025, as clients stayed loyal despite global market turmoil and President Donald Trump's trade tariffs. Some bank bosses had anticipated European Union governments and companies would sideline American investment banks in favour of their home lenders when Trump on April 2 announced his "liberation day" tariffs. In some products, such as equity offerings, they even ceded market share in Europe. U.S. banks have claimed a 37% market share in investment banking fees in the Europe, Middle East and Africa region so far this year. The one area where European banks outshone was in share price performance, although that in part reflects how badly European lender stocks have fared since the financial crisis.

Source: The Edge Markets December 22, 2025 17:10 UTC