| Full results | |
| Poll of polls: Overall | |
| Poll of polls: Underwriting | including: Capital raising, Bonds, MTNs, ECP, Equities, Loans |
| Poll of polls: Advisory | including: FX research, Credit research, M&A |
| Poll of polls: Internet | including: MTNs, CP, FX |
| Poll of polls: Trading | including: Capital raising, FX |
| Poll of polls: Transaction processing | including: Cash management, Custodial services |
| Poll of polls: Methodology | |
Ten years is a long time in any walk of life, but it’s almost an eternity in the rapidly changing world of investment banking.
Think back to the mid-1990s. Merrill Lynch was the undisputed master of the capital markets universe. The other major investment banks – notably Goldman Sachs, JPMorgan and Morgan Stanley – had a vice-like grip on the securities industry. For European banks generally and universal banks in particular – with the honourable exception of SBC Warburg – challenging the hegemony of these investment banks might have been an ambition, but it was one few outsiders would have believed achievable.