“They have incomparable firepower”: the supremacy of American banks in Europe is increasing
Quick Look
- American banks are widening the gap with European establishments in corporate and investment banking (CIB) activities in Europe, according to Matthieu Prieuret of Eurogroup Consulting.
- The general director of the FBF, Maya Atig, warned in July of a rapid deterioration of the situation, while a manager of a large bank underlines the increased presence of Wall Street giants even in medium-sized cities.
AI-generated summary
Why It Matters
Corporate and investment banks (BFI) bring together activities related to financial markets, mergers and acquisitions advice and the financing of large companies and governments. Their performance is a key indicator of the competitiveness of banking establishments.
It’s a trend that continues to grow. “American banks are widening the gap in Europe vis-à-vis European establishments in corporate and investment banking activities,” notes Matthieu Prieuret, associate at the consultancy firm Eurogroup Consulting. Corporate and investment banks (CIB) bring together in large banks professions linked to financial markets (shares, bonds, currencies, etc.), mergers and acquisitions advice and even the financing activities of large companies and States. “The situation is deteriorating rapidly,” warned Maya Atig, the general director of the French Banking Federation (FBF), in July. “We find American banks facing us almost everywhere in the country, including now in medium-sized cities,” notes a manager of a large bank.
The domination of the Wall Street giants in the BFI business is clear: they hold…
What to Watch
AI outlook — possibilities, not facts
US banks will continue to gain market share in BFI activities in Europe in the coming months
Likely · Within months
Open Questions
- What are the exact market shares held by American versus European banks in CIBs in Europe?
- What measures are the European authorities considering to respond to this competitive dynamic?
- Are European banks planning specific counter-strategies to resist this pressure?
