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European banks ceding share of int'l bond underwriting to US rivals

With its market share rising from 5.2 to 6.6 per cent, HSBC is one of the few European banks to have increased its international bond underwriting business since 2010.


ANY conversation with a European bank executive these days quickly turns to talk of how their US rivals are in better shape.

American banks were much quicker in bolstering their capital bases after the financial crisis; they also have more regulatory certainty (in part...