Prime Brokerage

Global crisis ends duopoly in European prime broking

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Goldman Sachs edges ahead of Morgan Stanley, but the latest survey shows that in a changed world Credit Suisse is the biggest immediate winner, followed by Deutsche Bank and UBS

Goldman Sachs edges ahead of Morgan Stanley, but the latest survey shows that in a changed world Credit Suisse is the biggest immediate winner, followed by Deutsche Bank and UBS

Morgan Stanley and Goldman Sachs are still very much major players in the European prime brokerage business. But during the market turmoil of the past year the long-established duopoly of those two major US investment banks appears to have been decisively broken. As we anticipated when we conducted the last survey a year ago, the global financial crisis has completely shaken up the market - with the emergence of