Wall Street banks lose ground in Europe

Widening gap: Sewing listens attentively during an interview in Berlin. The Deutsche Bank CEO acknowledges that there’s been a boon for Europe’s leading banks, which have been actively vying to win the extra business. — Bloomberg

NEW YORK: As US President Donald Trump has ratcheted up his rhetoric against trading partners in Europe, corporates across the continent are taking notice.

As a result, some companies have begun to diversify their banking relationships away from the giants of Wall Street, according to data compiled by Bloomberg.