| BUSINESSWEEK ONLINE : NOVEMBER 29, 1999 ISSUE | ||||||||
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| INTERNATIONAL -- EUROPEAN COVER STORY
How Conflicts Arise OLIGOPOLY Goldman Sachs and Morgan Stanley dominate European M&A, participating in more than 40% of deals. Inevitably, important clients will have different interests. DRIVEN BY DEALS Banks are paid by the deal, and they vie for top spots on industry rankings, which help shape their reputation. These factors make it hard to turn down deals. BIG GETS BIGGER Clients want expertise across a wide range of global industries. Only the biggest banks, involved in numerous deals, have enough revenues to provide it. DATA: BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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 RELATED ITEMS Vodafone's Power Play (int'l edition) EUROPEAN COVER IMAGE: Power Play TABLE: Two Giants Face Off TABLE: How the Battle Could Shake Up European Telecoms Goldman and Morgan: Too Many Fish to Fry? (int'l edition) TABLE: How Conflicts Arise Commentary: Shareholders Are Grabbing the Reins in Europe (int'l edition) INTERACT E-Mail to Business Week Online | |||
