Mexico

Best bank
Banamex Best equities house
Citigroup

Best debt house
JPMorgan

Best M&A house
Goldman Sachs

That accolade must go to Citigroup?s Banamex, which showed profits under Mexican GAAP of $948 million in 2003. Banamex doesn?t have the highest return on equity in the country ? at 15.4%, it?s a little higher than Bancomer?s and a lot lower than Santander?s. But that?s largely because of Banamex?s $6 billion capital base rather than any managerial inefficiency.

Banamex also, of course, has all the benefits of having Citigroup as a parent.