Equity trading to only get bloodier in Europe after Macquarie exit
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LONDON (Reuters) - Macquarie Group's sudden exit from European and U.S. equity trading may just be the start of a large-scale retreat from the once-thriving business, as all but the biggest global banks struggle to make it pay.The cash equities business - servicing investors to buy and sell shares - is going through a shakeout as falling trade volumes and costly regulations bite.The changes have led to razor-thin margins at best and made it difficult for smaller rivals to compete with the..