Western Europe regional awards
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Best Bank and Investment Bank: Credit Suisse |
In almost every way, Credit Suisse has enjoyed a better year than arch-rival UBS. Although UBS has disappointed investors and had to make some embarrassing decisions, such as to shut down its new hedge fund arm, headed by former investment banking CEO John Costas, Credit Suisse has made good steady progress both at home and abroad.
The smaller of the two dominant Swiss banks has long exercised a firmer grip on the home market and the past 12 months have been no exception.
In debt capital markets, Credit Suisse dominated the league tables across all categories of the Swiss franc bond market with innovations such as the introduction of Eurobond market style tender offers in the Swiss marketplace and pioneering the development of the market for long-dated bond issues.
In M&A, the bank led the market with a share of more than 33% and was particularly notable for its role as the leading defence adviser in unsolicited bid situations.
Although Deutsche Bank topped the league tables in ECM, followed by UBS and JPMorgan, the difference between the number one ranked bank and number four, Credit Suisse, was small and Credit Suisse managed the biggest number of deals.