Nov
02
Mergers Could Help European Investment Banks Compete With U.S.
ByCredit Suisse’s chief executive, Tidjane Thiam, is clearly frustrated with the investment banking operations of the institution he oversees.
And with good reason: Wall Street banks seem to have won most of the battle for supremacy over who gets most of the fees that the world’s biggest corporations and investment managers pay to bankers and traders.
At the same time, the cost of maintaining the Swiss bank’s business of financing companies, advising them on mergers and making markets in a bewildering array of stocks, bonds and other instruments remains high. And regulators keep demanding that banks put up more capital against these activities…
Mergers Could Help European Investment Banks Compete With U.S.
