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bal growth is not what it used to be, but in a bad neighborhood, the U.S. has the best house by far." Sharma points out that for the past four years, the United States' share of global GDP has increased while Europe's and Japan's have moved down. When I was in Europe last week, businessmen there were concerned with w
Page: HOUSE_OVERSIGHT_029849 →heir European competitors, Barclays, Credit Suisse, Deutsche Bank, UBS and Royal Bank of Scotland added just $9.5 billion. In July, Barclays Chairman John McFarlane was asked if America's banks were eating European lenders' lunch. He replied: "They are doing a good job of it." He added that the U.S. banks "are th
Page: HOUSE_OVERSIGHT_029849 →bal growth is not what it used to be, but in a bad neighborhood, the U.S. has the best house by far." Sharma points out that for the past four years, the United States' share of global GDP has increased while Europe's and Japan's have moved down. When I was in Europe last week, businessmen there were concerned with w
Page: HOUSE_OVERSIGHT_033482 →heir European competitors, Barclays, Credit Suisse, Deutsche Bank, UBS and Royal Bank of Scotland added just $9.5 billion. In July, Barclays Chairman John McFarlane was asked if America's banks were eating European lenders' lunch. He replied: "They are doing a good job of it." He added that the U.S. banks "are th
Page: HOUSE_OVERSIGHT_033482 →l growth is not what it used to be, but in a bad neighborhood, the U.S. has the best house by far." Sharma points out that for the past four years, the United States' share of global GDP has increased while Europe's and Japan's have moved down. When I was in Europe last week, businessmen there were concerned with
eir European competitors, Barclays, Credit Suisse, Deutsche Bank, UBS and Royal Bank of Scotland added just $9.5 billion. In July, Barclays Chairman John McFarlane was asked if America's banks were eating European lenders' lunch. He replied: "They are doing a good job of it." He added that the U.S. banks "are t
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