Global Best equity-linked house: JPMorgan

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Euromoney Awards for Excellence 2006

Global Best Bank I Global Best Investment Bank I Global Best M&A house I Global Best investment-grade debt house I Global Best leveraged finance house I Global Best ABS house I Global Best project finance house I Global Best equity house I Global Best equity-linked house I Global Best structured product house I Global Best risk management house I Global Best commodities house I Global Best credit derivatives house I Global Best CDO house I Global Best foreign exchange house I Global Best cash management house I Global Best investor services house I Global Best private bank I Global Best private equity house I Global Best hedge fund manager

When Banca Monte dei Paschi di Siena, the oldest bank in the world, wound up with unwanted treasury shares as an indirect result of its acquisition of Banca Agricola Mantovana, the Italian bank faced a dilemma: it wanted to get rid of the shares to avoid the negative impact on its tier 1 capital, but didn’t want to send the wrong message to investors by selling its own stock.