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US banks shouldn't assume good fortune is bulletproof

Sat, Mar 25, 2017 - 5:50 AM

DEUTSCHE BANK.jpg
Deutsche Bank AG, weighed down by billions of dollars in fines for money laundering and manipulating interest rates, has slipped from pole position in Asia
PHOTO: BLOOMBERG

AMERICA, one; Europe, nil.

In Asia, at least, US financial institutions are climbing up the investment banking league tables while their euro-area counterparts sink. But champagne corks shouldn't be popping on Wall Street yet. How long their current reign lasts will depend to a large...

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