Question

"Europe’s investment banks need a viable Wall Street presence" what that mean? explain

Answer 1

First it is important to understand what Wall Street is. It means that Wall Street is the one having large, deep markets with high equities and also fixed incomes. This enables investors to invest in bonds and thus raise capital through it. However such Wall Street Characteristic is absent for European investment bank without which it is difficult to raise capital all in all. Therefore, it is mentioned that to grow in investments, it must have a Wall Street.