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Five key European investment bank facts

Mon Nov 13, 2006 1:23pm EST

Reporter's Notebook

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(Reuters) - Five key facts about the European investment banking sector:

-- Europe has seen $1.39 trillion of M&A deals so far this year, more than the $1.17 trillion in the United States, according to finance industry data provider Dealogic.

-- Bonuses in London's financial community are set to rise by around a fifth this year, to a record high of 8.8 billion pounds, the Center for Economics & Business Research (CEBR) said last month.

-- Job numbers in London's financial center are set to reach a record 335,700 this year, more than the previous peak during the Internet boom in the late 1990s, the CEBR said in July.

-- Some of Europe's leading investment banks, such as Credit Suisse (CSGN.VX: Quote, Profile, Research, Stock Buzz) and UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz) have said they expect a record profit this year.

-- In the first half of 2006, UK-based private equity fund managers raised 11.2 billion of capital. By contrast, 10.4 billion pounds of funds were raised via initial public offerings on the London Stock Exchange over the same period.

(Compiled by Jane Merriman)

 
 
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