The industry has changed a lot in the last 10 years. American companies are always quicker to restructure and adapt to the new environment, where some European banks are just doing now what US banks did 10 years ago.
American people and companies embrace capital markets more, markets are much bigger and deeper. Most Americans invest a big chunk of their savings in 401k and stocks. Compare with Europe where lots more family run or state owned companies.
Close relationship with politicians. US politicians worked closely with Wall Street, many moving back and forth. Compare with Europe where politicians actively hate big banks.
Biggest Hedge funds are all based in the USA. These have been the biggest clients of IBs in recent decades.
Technology. At the end of the day capital markets are all about technology. Main tech vendors are all US based.
The industry has changed a lot in the last 10 years. American companies are always quicker to restructure and adapt to the new environment, where some European banks are just doing now what US banks did 10 years ago.
American people and companies embrace capital markets more, markets are much bigger and deeper. Most Americans invest a big chunk of their savings in 401k and stocks. Compare with Europe where lots more family run or state owned companies.
Close relationship with politicians. US politicians worked closely with Wall Street, many moving back and forth. Compare with Europe where politicians actively hate big banks.
Biggest Hedge funds are all based in the USA. These have been the biggest clients of IBs in recent decades.
Technology. At the end of the day capital markets are all about technology. Main tech vendors are all US based.