July 2006
Awards for excellence: North America: USA
Euromoney Awards for Excellence 2006
USA I Canada
North America/ USA*
BEST BANK: Bank of America
BEST DEBT HOUSE: Citigroup
BEST EQUITY HOUSE: Morgan Stanley
BEST M&A HOUSE: Goldman Sachs
BEST INVESTMENT BANK: Bear Stearns
BEST AT RISK MANAGEMENT: Bear Stearns
BEST AT INVESTOR SERVICES: Citigroup
BEST AT CASH MANAGEMENT: HSBC
*: USA country winners are also North America regional winners |
The long and winding historical highway of the US financial services industry is littered with the dead bodies of institutions that tried to pursue a universal bank model but failed in the attempt. Citigroup, for instance, has long since begun the wholesale retreat from the full-service banking model it began more than a decade ago when Sandy Weill started to assemble a hodgepodge collection of goods and services to pack on the shelves of his one-stop-shopping financial hypermarket.
But in the face of conventional wisdom that firms should stick tightly to their knitting – retail banks...
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