Over the last three years, Euro-equities have moved from being an obscure part of the Euromarkets to being one of its most dynamic sectors. The value and volume of Euro-equity issues is doubling every year and, for the first time, American investment banks are making serious inroads into the traditional European domination of the market.
Until this year, well-established European institutions such as Swiss Bank Corporation International, Credit Suisse First Boston and Union Bank of Switzerland, which relied on their Eurobond syndication skills and inhouse placing capacity, dominated the new issues market.
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