JP Morgan usurped Rothschild to become European M&A house of the year at the Financial News Awards for Excellence in Investment Banking last night. Rothschild also lost its French crown, but retained the title as the top house on UK deals.

JP Morgan beat Citigroup into second, and Merrill Lynch into third as it moved to capture the top M&A award. Wall Street banks dominated the leading positions with Morgan Stanley coming in fourth. The highest European institutions were BNP Paribas and Deutsche Bank in fifth and sixth positions.