Best bank - Bank of America
Best debt house - Citigroup
Best M&A house - Goldman Sachs
Best equity house - Morgan Stanley
Bank of America wins the best US bank award for the
second year running. It has maintained the solid track record
that has characterized almost all its businesses since 2000.
This has helped turn it around from the merger-mania mess it
was in at the end of the 1990s. It boasts a formidable
treasury services operation, the largest retail franchise in
the US, deep relationships with corporates of all sizes, and
a number-two ranked syndicated loans business.
Its investment banking arm, Banc of America Securities, has
largely maintained the gains made in previous years even as the
amount of business fell in the past year. It has been a major
underwriter of convertibles in the US, is a top-five underwriter of
corporate debt, and had a good year in asset-backed securities
underwriting....
