Switzerland
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Switzerland

Best bank - UBS
Best debt house - CSFB
Best equity house - CSFB
Best M&A house - CSFB
Best local partner - Lombard Odier et Cie



Given CSFB's dominance in every investment banking product in Switzerland, it may seem strange not to recognize Credit Suisse as the country's best bank. However, CSFB has had difficulties on a Europe-wide level, particularly in the regulatory sphere and suffered losses in its insurance arm, Winterthur. Though its Swiss investment and commercial banking franchise still appears to be going strong, profitability is lacking, with the investment bank experiencing particularly poor results last year. Following a capital-raising exercise this year, Credit Suisse may be back on track but more proof is needed. UBS, on the other hand, continues to go from strength to strength. As well as its impressive Europe-wide investment banking franchise, it offers Swiss corporates the full range of commercial banking services.

Despite the fact that the past year has not been happy for CSFB, which has watched its business dwindle across many areas of Europe, in Switzerland it still dominates the debt markets. It has a market share of over 35% compared with less than 10% for UBS, which is still struggling to build a meaningful debt business.

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