CSFB Best debt house
Best equity house
Best M&A house
CSFB?s dedication to its home turf makes it a reliable firm in every area of investment banking and the capital markets, securing it the best bank in Switzerland award again.
Competition is tough, especially when it comes from UBS. Indeed, UBS has done a great job to develop its domestic debt business. It claims to trade more Swiss franc product than any other bank, in both government bonds and credit, and its European retail initiative is an impressive new pillar of its distribution capabilities. Its market share for new bond issues is lower than CSFB?s, but it has been growing very quickly and arguably it covers a greater range of more complex transactions.
Nonetheless, it is difficult to argue with CSFB?s Swiss debt business. Excluding government bonds, CSFB managed twice as many bond issues as UBS over the past 12 months. Of course, some of these issues are relatively straightforward covered bonds, some are for companies that are owned by or otherwise connected to CSFB, but that business is not guaranteed, and the bank?s presence is still impressive.