Deutsche Bank looks set to end the first quarter outside the top three investment banking fee earners in Europe for the first time in 15 years – with yet another US bank poised to join the podium.

With a week to go before the quarter ends, data from Dealogic shows that the German bank ranks fourth for revenues earned from M&A and capital markets advice and lending in Europe, the Middle East and Africa. The bank has a 5.3% share of the market, compared with 6.8% a year ago.