http://www.guardian.co.uk/business/2010/mar/08/us-banks-european-bond-trading
I had to laugh when I read the bold. Who's kidding who here, the European banks were knocking just as loud on the FED's window of last resort, and they weren't doing it because they'd been prudent.
European sovereign bond league tables are now dominated by European banks such as Barclays Capital, Deutsche Bank, and Société Générale, the Dealogic table shows. Their business model is usually seen as more relationship-based, while US investment banks have traditionally been focused on immediate deal-making.
