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  • Its global reach and focus have paid off and Morgan Stanley has been busy across the piste in FIG this year.
  • The combination of a broad physical presence, in-depth regional expertise and strong public-sector connections helped Rothschild maintain its position as CEE’s best advisory bank during the current awards period.
  • Whether in Europe, Africa, Latin America, China or the Middle East, in advisory, liability management or financing, HSBC seems to have been present everywhere in the public sector in 2017 and 2018.
  • Having stabilized the bank after the financial crisis, Bank of America’s management conceived a simple plan for its future: maintain a diverse set of businesses but deal with less risky customers; provide them with fewer, simpler products; automate for efficiency; and then grow by doing more for these customers. Easy to say, but hard to do – it took time and billions of dollars of investment. With results now shining through, the bank that once looked too big to succeed has a shot at domination.
  • The firm is leveraging the efficiency and craft it has built in digital to take it into the markets that surround its home base.
  • Starting with its appointment of Alison Harding-Jones from UBS’s Asian business to head European M&A, Citi had an outstanding year that appeared only to get better towards the end of the awards period, making it western European’s best bank for advisory.
  • Whether it was corporates, sovereigns or banks; jumbo deals, debut issues or liability management, Barclays, western Europe’s best bank for financing, was omnipresent in western Europe’s bond markets this year. Having been involved in such a high number of the most important deals of the year, it is no surprise to see it leapfrog HSBC to the top of Dealogic’s debt capital markets league table for western Europe.
  • While BAML and Citi are both reaping rewards from maintaining commitment and presence in the region, the winner of the best bank for advisory is probably the Wall Street firm most synonymous with retreat there. Goldman Sachs has invested and divested from the region as its fortunes waxed and waned, but this year saw a very positive return. Led by Gonzalo Garcia and Ram Sundaram, co-heads of Latin America, the bank has thrown resources and balance sheet at the region. It has paid off.
  • Bank of America and Citi win top prizes; Credit Suisse’s Tidjane Thiam is named Banker of the Year; Asian banks make their mark in global awards.
  • DBS is an institution in which every part of the business – from cash management to private banking, from SMEs to retail – is being enriched by a challenging process of wilful digital disruption.
  • When western European banking groups went on spending sprees in the former communist bloc before the financial crisis, they met little competition from within the region. Few local lenders at the time had either the appetite or the capacity for large-scale cross-border expansion.