USA

Best bank
Bank of America Best M&A
Goldman Sachs

Best equities house
Morgan Stanley

Best bond house
Citigroup

For the third year running, Bank of America wins the best US bank award. Its chief contender is Wells Fargo, which last year was elevated to triple-A status, the only US bank that has the top credit rating. Wells Fargo’s management team enjoys a good reputation in the eyes of investors, and its rivals regard it as a serious competitor.

But Bank of America offers greater coverage across the US as well as more products.