Awards of Excellence
Awards of Excellence: Best in the world
Awards for Excellence: Europe
Awards for Excellence: Nordic region
Awards for Excellence: Latin America
Awards for Excellence: Asia
Awards for Excellence: Africa
Awards for Excellence: Middle East
In the world's largest banking market, size is becoming increasingly important. The merger of Citibank with Travelers Group creates a group with a value of more than $140 billion. On a pro-forma basis, the company would have had assets at year-end 1997 of almost $700 billion, net revenues of nearly $50 billion, operating income of approximately $7.5 billion and equity of more than $44 billion. Its market capitalization would rank it number one among the world's financial services companies.
BankAmerica has joined NationsBank (see below) to create another giant. And BancOne has merged with First Chicago NBD to create a competing national retail and business banking franchise and the largest bank in...
