Citigroup is taking the fight to rival investment banks and making big gains in Europe, the Middle East and Africa, according to the latest data from two of the best known industry research providers – and could end the year with its highest ranking for investment banking revenues since the financial crisis.

With barely a week until the end of the third quarter, data firm Dealogic's preliminary figures for the first nine months of 2017 place Citi second behind last year’s table-topper JPMorgan for Emea revenues from M&A advisory and capital markets work.