Europeans look west for IB growth

By David Rothnie
18 Dec 2019

Big European investment banks pivoted towards the Americas during 2019 in an attempt to boost revenues and position themselves for the next downturn, writes David Rothnie. With large M&A across the industry still off the table, banks are finding scale through joint ventures and alliances.

Last month, UBS quietly bolstered its presence in Latin America with the signing of a “strategic partnership” in investment banking with Banco do Brasil. On the surface, this is a fairly insignificant move, but when placed in its historical context it shows how European banks are positioning themselves ...

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