Decline of European Bulge-Bracket
Today's report focuses on the decline of European Bulge-Bracket banks (namely, UBS, Credit Suisse, Barclays and Deutsche Bank) in the U.S M&A market. Despite multiple reorgs, these banks have yet to recover the market share they lost over the last 10 years, and the main beneficiaries of their decline have been the mega-
boutiques.
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