| Headline: Deutsche Bank dominates Source: Euromoney Date: January 2001 Author: Andrew Newby Deutsche Bank tops our annual poll of polls – by a wide margin – after a consistently impressive run of survey results in 2000, most notably in foreign exchange, where Citigroup was dethroned for the first time in 21 years. Morgan Stanley Dean Witter and Citigroup head the rankings for a new category, market rating, which brings together overall returns on equity, assets and employees. The market rating and poll of polls have been combined to produce an implied competitiveness rating, in which Deutsche again pips eight American rivals to top position. But a mediocre score for market rating and mergers elsewhere suggest that the German bank might not have it so easy in 2001. 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%. |