Europe moves centre stage for US banks

Europe moves centre stage for US banks

"Europe moves centre stage for US banks David Rothnie 01 Oct 2007

Wall Street cannot afford to slow the pace of transatlantic expansion

European divisional heads at US investment banks have developed a habit of looking nervously over their shoulders in the aftermath of a market correction. The banks have responded to previous turmoil by cutting European staff numbers and reining in foreign expansion, as they retrenched to the US, the biggest single pool of liquidity in the world."