For the second year in succession Deutsche Bank ranks number one in Euromoney's annual survey of the world's biggest and best providers of financial services. Mergers&acquisitions advice remains the only conspicuous Achilles heel for a financial group that has added top place in overall underwriting capability to existing strengths in trading of debt, derivatives and currencies.
Citigroup/Salomon Smith Barney climbs three places to second place after increasing its advisory score by over 40%. Deutsche may have won the foreign exchange poll but Citigroup surpasses it as top foreign exchange research team this year. Citigroup/SSB beats both Deutsche and JP Morgan in liability management, and climbs three places to third position in overall underwriting. Equity underwriting remains a relative weakness but Salomon Smith Barney was third most active international bond underwriter in the year ending November 2000.
Goldman Sachs retakes the third place it last held...
