AMERICAN BANKERS make for bold bosses. From his roomy office in Manhattan, in early February, the boss of one of the country's biggest suggested he has few serious rivals-and all are just a few blocks away, "us banks continue to gain share from European banks." Asia barely gets a mention. "Chinese institutions have generally proven incapable of expanding globally. When they buy sports cars and flashy hotels, it just doesn't feel solid." Days later Morgan Stanley, America's sixth-largest bank, announced its $i3bn acquisition of E-Trade, a broker-the biggest by a Wall Street bank since 2008.
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