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Best Bank: Lloyds TSB |
Western Europe regional awards
After several years of underperformance, Lloyds TSB seems to have finally turned a corner, putting in a surprisingly positive performance while some of its competitors, including HBOS and Barclays, have suffered at home from maladies ranging from a loss of market share to bad credit card debts.
The UK’s fifth-largest bank has brought its market share of new mortgages back to respectability after a very poor result last year and has kept bad debts under control.
In a sea of unspectacular results, Lloyds TSB’s turnaround deserves credit and so Euromoney’s award for best bank in the UK this year.
| Lloyds deserves credit for its turnaround |
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A record year for equity capital markets in the UK means that several banks, including UBS and JPMorgan, have an excellent case for the award of best equity house. Merrill Lynch, however, narrowly takes the prize for topping the league table and having managed to turn up on just about all the most notable deals of the year, including the IPOs of hedge fund manager Marshall Wace’s Tops fund and $4.5