Non-US financial groups have strengthened in the key Asia-Pacific banking battleground in a torrid year for some western banks, according to data provider Dealogic.
Banks including Nomura, Barclays and Standard Chartered have climbed rankings in areas spanning debt trading and mergers and acquisitions advisory.
While US banks such as JPMorgan and Goldman Sachs remain formidable competitors, Dealogic suggests ambitious regional and local financial groups have taken advantage of turmoil to steal market share in niche areas.
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