Once again Citigroup is the winner in cash management, fighting off such rivals as Deutsche Bank, HSBC and Bank of America.
Despite a hiccup for Citigroup in 2001 when Deutsche landed this award on the back of its strong showing in Euromoney’s annual cash management poll, Citi was back on top in 2002 and stays there for another year.
Recognition for its operation comes from market watchers outside Citigroup. As Morgan Stanley’s banking analyst, Henry McVey, wrote in a recent report: “We have spent time reviewing Citi’s transaction services division.
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