Wall Street Banks Face Decline in Europe Amid Client Shifts

Reported about 18 hours ago

Wall Street banks are losing clients in Europe as firms diversify their banking relationships due to heightened trade tensions under the Trump administration. Data shows that a significant portion of euro and sterling bond deals this year have excluded major US banks, with companies increasingly opting for local European banks for financing and advisory services. This trend reflects a growing preference for regional banks as firms reassess risks related to trade and market volatility.

Source: YAHOO

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