The Shrinking EMEA Pie

Banks' revenue remains low as ECM volumes drop

*Dealogic Revenue Ranking Data: Dealogic uses a proprietary revenue model to estimate investment banking fees across four key products: M&A, equity capital markets (ECM), bonds or debt capital markets (DCM), and loans. Fees derived from each of the three regions indicate fees generated by client fee-payers in those markets.
Source: Dealogic