By Elena Moya
European countries are blocking Wall Street banks from lucrative deals to sell government debt worth hundreds of billions of Euros in retaliation for their role in the credit crunch.
For the first time in five years, no big US investment bank appears among the top nine sovereign bond bookrunners in Europe, according to Dealogic data compiled for the Guardian. Only Morgan Stanley ranks at number 10.
Goldman Sachs doesn’t make the table. Goldman made it to number five last year and in 2006, and number eight in 2007, the data shows. JP Morgan was in the top ten last year and in 2007 and 2006 but doesn’t appear this year.
Continue reading Europe Bars Wall Street Banks From Government Bond Sales
Jesses Crossroads Cafe (9 March 10)
