The investment banking World Cup
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The investment banking World Cup

When Euromoney's journalists were able to do a bit of work between World Cup matches in June, football was never far from our minds. And so it was, as we decided this year's winners of the awards for excellence, that we hit upon a related idea: if investment banks were countries in the World Cup, which would they be?


Here are a few of our thoughts. Your comments and suggestions are most welcome.

Goldman Sachs – Brazil

Always the favourites. Enormously talented. But a tendency to concentrate on attack at the expense of their defence.

Morgan Stanley – France


A former great, still a force to be reckoned with, but they keep bringing back old players

UBS – Germany

Formerly thought of as staid, dull and predictable, but has recently developed a bit of panache

Deutsche Bank – Holland

Lots of flair and great players. But you feel they could blow up at any moment

Citigroup – Argentina

Flair with a long history of quality but frequently guilty of dodgy play

Bank of America –South Korea

Foreign excursions prove they only come good on home soil

Lehman Brothers –Portugal

Unheard of 15 years ago but now serious contenders

Merrill Lynch – Italy

Great in the 1990s; went through a blip at turn of the century, but seem to be getting better again


Lots of the best talent seems to seek better compensation in other sports

Barclays Capital –England

Imported foreign coach on a multi-million pound salary

Ixis CIB –Trinidad & Tobago

What on earth are they doing there?

Any of the major French banks – Mexico

Frequently play an attractive game, but never quite make it on the biggest stage

HSBC – Spain

Always disappoint; never quite the sum of their component parts

JPMorgan –Russia (failed to qualify)

Traditional superpower struggling to come to terms with its new circumstances

Dresdner Kleinwort – Greece (failed to qualify)

Flash in the pan – good for a while but where are they now?

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