Kepler rises as cash equities biz falls to earth

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By David Rothnie
06 Jun 2019

Kepler Cheuvreux has become the go-to option for European banks looking to breathe life into failing their equity capital markets businesses. David Rothnie reports.

Europe’s investment banks are adjusting to the harsh reality of low growth and low interest rates in the way they know best: cutting expenses and reducing headcount. HSBC has become the latest big bank to announce cuts to business lines that are not making as much money.

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