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The world's best bank

Awards for Excellence 2002


It wasn't hard choosing this year's best bank. Glance down the list of global awards below and you'll find that Citigroup wins seven out of 19, more than one-third. Its successes range from debt markets to cash management and foreign exchange, even to equity where it is the coming force that the established equity market leaders most fear. Watch out in M&A next year.

Sandy Weill and Michael Carpenter: from
work in progress to winning model
In wholesale financial markets, the combination of Citibank, Salomon Brothers, Smith Barney, Nikko and Schroders has created the global commercial and investment banking business model that every competitor admits to being in awe of. "I don't think anyone else yet has put it all together," says Michael Carpenter, chairman and CEO of corporate and investment banking. "If you look at the global product platform from cash management to M&A across every geography in the world we're either the leader or a very strong player, rarely worse than number three.