Can Europe produce a top-tier global investment bank? The British have proved they can’t. BZW and NatWest Markets were disasters and though they have spawned successful offshoots, Barclays Capital and Greenwich NatWest are to British investment banking what Greg Rusedski is to British tennis – technically British, actually North American. Bob Diamond and Tom Kalaris are ex-CSFB and JP Morgan respectively, and NatWest bought Chip Kruger and Gary Holloway’s Greenwich Capital whole.
Now it seems that Deutsche Bank is finding it tough too.
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