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Tougher Regulations Lead to Structural Overhaul in Europe’s Biggest Banks

Aarti Maharaj | September 9, 2015

The number of European investment banks are slowly shrinking due to tougher regulations spawned from the financial crisis. Financial institutions such as the Royal Bank of Scotland and UBS have already suffered some dramatic setbacks from job cuts and structural overhaul. Barclays recently started scaling back on some regions and products while Credit Suisse and Deutsche look to do the same, reports the Financial Times.

This move is exactly what regulators and governments wanted in an effort to get banks on track amid the financial meltdown. In other words, new rules and more support from politicians have led European banks to steer away from investment banking.  The power of investment banking has now shifted to the U.S where Goldman Sachs and Morgan Stanley continue to generate a large portion of...

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