Awards for Excellence 2015: Best global bank

Best global bank:

Citi

As it emerged from the global financial crisis and sought to rehabilitate itself, Citi, first under the leadership of Virkam Pandit, and since 2012 with Michael Corbat as chief executive, has set out to make the sprawling global financial supermarket assembled by the acquisitive Sandy Weill smaller, simpler, safer and stronger.

That strategy is bearing fruit and the bank has enjoyed a stand-out 12 months, as it progresses beyond balance sheet repair and disposals of rag-bag businesses with no coherent long-term strategic connection towards building a global universal banking model with staying power.