European leveraged finance revenue for the first half of the year is down more than 50%, according to figures from Dealogic released on Monday — and is increasingly going to a small handful of banks, in particular JP Morgan.
According to Dealogic’s global revenue rankings for the first half of 2019, European leveraged finance revenue was just $800m, down 53% year on year. 63.1% of this was generated from sponsor-related business.
JP Morgan also vaulted up to the top of several market rankings.
The US bank