John Stumpf, the chairman and chief executive of Wells Fargo, Lloyd Blankfein, chairman and CEO of Goldman Sachs, and, António Horta-Osório, the chief executive of Lloyds Banking Group, accept their respective accolades at Euromoney’s Awards for Excellence 2013 dinner.
Best investment bank: Blankfein steers Goldman back to the top Goldman Sachs was under siege two years ago, but its clients have stuck with it. It tops the M&A advisory and ECM league tables, and when its clients want debt deals, it can do those too. Chief executive Lloyd Blankfein expresses pride at the firms stability. But although Goldman hasnt undergone the soul-searching many competitors have endured while seeking out their new, post-crisis, Basle III business models, its universal bank competitors ask if Goldmans focus is too narrow.
Bank of the Year: How Wells Fargo conquered America Its the most successful bank of the post-financial crisis generation. But alongside numbers that make its rivals green with envy, it maintains a steadfastly old-fashioned approach to the business of banking. Is this what a model modern bank should look like? Or is there more to Wells Fargo than meets the eye?