Best bank
Not awarded
Best debt house
Citigroup/Salomon Smith Barney
Best equity house
Merrill Lynch
Best M&A/corporate finance house
Goldman Sachs
Best transaction services
JPMorgan
Best risk management and treasury
Citigroup
USA
Best bank
Wells Fargo
Best debt house
Citigroup/Salomon Smith Barney
Best equities house
Merrill Lynch
Best M&A house
Goldman Sachs
Canada
Best bank
Royal Bank of Canada
Best debt house
Merrill Lynch
| Dick Kovacevich |
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The combination of mergers, the tech wreck and the ensuing severe economic downturn has shaped the fortunes of North America's financial services sector over the past 12 months. And in that environment the more established names have shown their relative strength. For more established, read large. This has not been the year for the niche bank to prosper, in investment banking at least.
Transaction services are to a degree less affected, with consolidation being the major factor in that market's development.