By Elena Moya

Shocked by past deals with Italy and Greece, governments are excluding the Wall Street bank from sovereign bond sales.

European governments are turning their backs on Goldman Sachs, the all-conquering investment bank that has suffered a series of blows to its reputation, capped by the biggest ever fine imposed on a Wall Street firm.

According to data from Dealogic, Greece, Spain, France and Italy have all denied the bank a lead role in their recent sovereign bond sales.

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Related reading:

Goldman Sachs Sets Aside $9bn For Pay As Revenues Drop
Telegraph.co.uk (17 July 10)

Goldman ‘To Big To Prosecute’
The Real News (17 July 10)

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