Europe Freezes Out Goldman Sachs

By Elena Moya

Shocked by past deals with Italy and Greece, governments are excluding the Wall Street bank from sovereign bond sales.

European governments are turning their backs on Goldman Sachs, the all-conquering investment bank that has suffered a series of blows to its reputation, capped by the biggest ever fine imposed on a Wall Street firm.

According to data from Dealogic, Greece, Spain, France and Italy have all denied the bank a lead role in their recent sovereign bond sales.

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