Bulge Bracket's Costly League Table War

Tunick, Britt Erica
November 2003
Investment Dealers' Digest;11/24/2003, Vol. 69 Issue 45, p8
Trade Publication
Reports that American banks are sacrificing fees and racking up serious losses by making costly bets on block trades in Europe. Loss of Goldman Sachs after it paid too much for shares of Swiss insurer Baloise-Holding; Morgan Stanley's spending for a block of shares in Enel SpA; Spending of Citigroup for a block of stock in Dutch telecommunications company Royal KPN N.V.


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