Best bank Deutsche Bank
Deutsche Bank is the world's second-largest bank by total assets, with $536,319 million in 1996. Equity growth is also one of the highest at 8.56% and return on equity is 9.92%. Deutsche has a strong track record in asset management and 1996 was a particularly successful year, with over $204 billion under management. Substantial progress has been made in the investment banking division, with the build-up of global markets successfully completed. One of the highlights of 1996 was the successful privatization of Deutsche Telecom. This enabled Deutsche Morgan Grenfell, the investment banking arm, to strengthen its international position. The placement of this issue in Germany was an impressive demonstration of a modern bank's capabilities. The restructuring of management and the branch network into a divisional organization will serve to guarantee the future stature of Deutsche Bank in western Europe.
Best securities firm SBC Warburg
Euromoney's 1997 Bond Trading Poll was dominated by SBC Warburg as the leading name for Eurobond trading. It ranks first both by volume and by its total score in the poll. It had an outstanding year in equities, with lead-managed deals including offerings for Deutsche Telekom, Scania and Railtrack.