European politicians are learning to stand up to US bullying. Some hope the bloc’s investment banks can mount a fightback against their American competitors, too. Big US firms have squeezed weaker European rivals for years, taking an ever-greater share of global fees from dealmaking and trading. Now, the likes of Barclays Plc, Deutsche Bank AG and UBS Group AG are in far better shape to compete — but the chance of them collectively making a real dent in American dominance is slender.
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European Bankers Won't Profit Yet From Anti-US Capital Flows
