Banks, Financial

RBS emerges as biggest failure in tough UK bank stress tests

Royal Bank of Scotland has emerged as the biggest failure in the UK’s annual stress tests, forcing the state-controlled lender to present regulators with a new plan to bolster its capital position by at least £2bn. Barclays and Standard Chartered also failed to meet some of their minimum hurdles in the toughest stress scenario ever […]

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Economy

Draghi: Eurozone will decline without vital productivity growth

It’s productivity, stupid. European Central Bank president Mario Draghi has become the latest major policymaker to warn of the long-term economic damage posed by chronically low productivity growth, as he urged eurozone governments to take action to lift growth and stoke innovation. Speaking in Madrid on Wednesday, Mr Draghi noted that productivity rises in the […]

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Currencies, Equities

Scary movie sequel beckons for eurozone markets

Just as horror movies can spook fright nerds more than they expect, so political risk is sparking heightened levels of anxiety among seasoned investors. Investors caught out by Brexit and Donald Trump are making better preparations for political risk in Europe, plotting a route to the exit door if the unfolding story of French, German […]

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Banks

Barclays: life in the old dog yet

Barclays, a former basket case of British banking, is beginning to look inspiringly mediocre. The bank has failed Bank of England stress tests less resoundingly than Royal Bank of Scotland. Investors believe its assets are worth only 10 per cent less than their book value, judging from the share price. Although Barclays’s legal team have […]

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Banks, Financial

Banking app targets millennials who want help budgeting

Graduate debt, rent and high living costs have made it hard for millennials to save for a house, a pension or even a holiday. For Ollie Purdue, a 23-year-old law graduate, this was reason enough to launch Loot, a banking app targeted at tech-dependent 20-somethings who want help to manage their money and avoid falling […]

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Categorized | Financial

Europe’s share of investment bank fees falls to all-time low


Posted on November 30, 2016

Europe’s share of global investment banking fees has fallen to an all-time low, compounding years of decline that have hit the region’s biggest banks.

Thomson Reuters’ data shows that Europe, the Middle East and Asia (EMEA) accounts for just 24 per cent of the global fees for M&A deals, syndicated loans and underwriting paid so far this year. That’s the lowest since Thomson Reuters began collecting the data in 2000 and just a shade ahead of the 23 per cent of fees generated in Asia so far in 2016.

Asia is set to be the standout winner of 2016, with fees rising 5 per cent year on year to their highest level since 2000, fuelled by a 20 per cent rise in fees in China. Americas fees were down 17 per cent in the year to date, but still accounted for 45 per cent of the global tally.