The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

The world's best equity house and the world's best equity-linked house

Awards for Excellence 2002

Merrill Lynch

Merrill Lynch wins the award for best equities house in recognition of its broad and deep franchise across the product, in IPOs, secondary offerings, sales and trading. In convertibles the firm continues to be the market leader: it still dominates as underwriter in the US, and is a major force in Europe and Asia.

Merrill Lynch: still dominant in equity, equity-
linked and equity derivatives, despite Spitzer

There are many in the markets who feel that Merrill Lynch ought not to receive any equities award this year. The broker has, after all, just paid $100 million to settle its battle with New York attorney general Eliot Spitzer, who alleges that Merrill's equity research analysts covering internet stocks were co-opted or corrupted into issuing false recommendations because of their investment-banking ties. Euromoney considered excluding Merrill Lynch as a result but decided not for several reasons.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?