A Deutsche Bank report says that because of rules and fees, investment banks stand to be out $17 billion by 2016 on commodity, bond and currency business lines. "We see risks that multiple regulations, especially the financial-transaction tax, compound to deliver a sharp reduction in [fixed-income, commodity and currency] revenues in Europe," according to the report. "We already see signs of shifts in market share in favor of U.S. investment banks, and we expect this trend to continue."

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Bloomberg, Reuters

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