A long view of global banking

Past and future trends in cross-border business

 
The 2008 financial crisis caused banks across Europe to reel in their cross-border business. This business has not improved much since, only rising a small amount between 2016-19, as Figure 1 shows. US banks have fared better. Figure 1 shows end-year data, which masks a stronger 2019 average.

US banks have moved in where European banks have moved out, gaining market share across Europe. US banking groups have secured 42% of investment banking revenues earned in Europe so far this year, according to data from Dealogic. Their market share has risen over the last decade at the expense of European rivals, as Figure 2 shows.

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Πηγή: omfif.org