Investment Banks Ready to Pounce
As European investment banking continues to be bogged down by the global recession, with several banks planning to cut investment banking jobs and politicians preaching pay caps and extra taxes on executive bonuses, does this scaling back of investment banking activity in Europe represent an opportunity for American banks? In this video, Motley Fool financial analysts David Hanson and Matt Koppenheffer discuss why some of the big American banks like Goldman Sachs or Morgan Stanley , or even some of the smaller boutique investment banks like Lazard may have the opportunity in this economic climate to establish relationships with European clients, and gain market share across the pond.
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The article Investment Banks Ready to Pounce originally appeared on Fool.com.David Hanson owns shares of Goldman Sachs. Matt Koppenheffer owns shares of Morgan Stanley. The Motley Fool recommends Goldman Sachs. The Motley Fool owns shares of LAZARD Ltd.. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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