|BEST BANK: BNP Paribas
BEST INVESTMENT BANK: Deutsche Bank
BEST DEBT HOUSE: Barclays Capital
BEST EQUITY HOUSE: Credit Suisse
BEST M&A HOUSE: Lehman Brothers
BEST AT CASH MANAGEMENT: Citigroup
BEST AT INVESTOR SERVICES: ABN Amro Mellon
BEST AT PROJECT FINANCE: Royal Bank of Scotland
BEST AT RISK MANAGEMENT: BNP Paribas
BNP Paribas’ €9 billion acquisition of Italy’s Banca Nationale del Lavoro in February 2006 transformed the bank into one of the few in Europe to have a meaningful grip on two sizeable national markets. BNP Paribas is well on track to make significant cost savings from integrating the two banks’ operations.
At the end of the first quarter of 2006 BNP Paribas reported pre-tax income up between 30% and 50% across all its business lines.