Provides the reader both an up-to-date description of investment banking in Europe and a well-argued discussion of the way that it is likely to develop. Addresses the changes that have taken place in the European market and investigates the resulting competitive structure of the finance industry.

Ingo Walters is the Charles Simon Professor of Applied Financial Economics at the Stern School of Business, NYU, and serves as Director of the NYU Salomon Center, an independent research institute focusing on financial institutions, instruments, and markets. His recent books include Global Banking (Oxford University Press) and Street Smarts (Harvard Business School Press).

Roy C. Smith has served on the faculty of the Stern School of Business at NYU since 1987 as Professor of finance and international business. He was General Partner of Goldman, Sachs & Co. specializing in international investment banking and corporate finance. He is a Director of the Atlantic Council of the United States and a member of the International Research Council of the Center for Strategic and International Studies, Washington, DC.