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The rising economic fortunes of the largest countries lifted nearly all investment banking boats. Local investment banking franchises continued to notch up strong deal flow and fees, but last year was noticeable for the improvement in the fortunes of the international banks.

Morgan Stanley was an early adopter in using technology to better serve its wealth management clients – and to improve revenues. The bank’s wealth management unit notched a record $1.16 billion in profits during the first three months of this year, up 1% from the fourth quarter and up 19% from a year earlier. Client assets grew 8% from a year earlier to $2.4 trillion, earning it the award for North America’s best bank for wealth management.

Real success, not just in developing innovative solutions but also in getting more clients online and onto its app, makes CaixaBank western Europe’s best digital bank. Spain has the highest proportion of online bank users among the big five European economies and CaixaBank has Spain’s most frequently used bank desktop site and app, according to a recent study by comScore. CaixaBank itself counts more than five million online users and more than four million mobile app users. It was also one of the top banks in a recent digitalization ranking of European firms by Autonomous Rsearch.

Global growth provided the backdrop for a strong year for Citi’s financing businesses, while the return of volatility has showcased the value of its great reach

The firm has consistently demonstrated its commitment to work alongside communities and support their growth.

In western Europe, one bank stands out for its expertise in meeting the needs of high net-worth and ultra-high net-worth individuals – Credit Suisse, western Europe’s best bank for wealth management. Credit Suisse’s private banking revenues in western Europe recorded double digit growth in 2017 and it has enjoyed nine consecutive quarters of positive net new assets across all countries in the region.

On the back of the worst drought in living memory, the City of Cape Town issued South Africa’s first true green bond last year. It turned to one bank to be the lead arranger – Rand Merchant Bank (RMB). The city was able to raise R1 billion ($73 million) from eight allocated bidders, having received bids of almost R5 billion from 31 different bidders. The proceeds will be put to use financing green projects such as emergency water supply initiatives.

Africa's best bank

Under Thiago Fernandes, head of environmental, social and governance (ESG) for Latin America, Bank of America Merrill Lynch is changing the way corporate philanthropy operates in Brazil; this year it wins Euromoney’s award for Latin America’s best bank for corporate responsibility.

A decade ago Bawag was on the brink of collapse. Many in the industry doubted its survival and would have laughed at the prospect of it surpassing the performance of all the other large Austrian lenders.

The bank has shown leadership in digital simplification and delivering innovative solutions to clients.

Improving social mobility, caring in the community, supporting employees in challenging times and committing to equity – Bank of America has shown a long-standing commitment to D&I.