BofA EMEA Trading Head Says Shift Out of US Is Still Limited
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Bank of America Corp.’s head of EMEA markets says the recent surge of interest in Europe isn’t necessarily the start of a long-lasting, structural shift.
The division posted 23% revenue growth in the first quarter, its best start to the year on record. But there’s too little evidence to back up the popular narrative that a vast, permanent shift of capital from the US to Europe is already underway, according to Brian Weinstein.