Best bank in the US 2017: Bank of America
Awards for Excellence
Years of cutting costs, simplifying structures, settling litigation and plugging holes in its coverage have brought one bank to the position where it is now firing on all cylinders across pretty much all of its US business portfolio. ‘Responsible growth’ is the guiding mantra for Bank of America chairman and CEO Brian Moynihan, and his success in putting those words into practice is why his firm is Euromoney’s best bank in the US. Moynihan might not be the flashiest of bank chiefs, but he knows his bank and he knows what clients in its home market want from it. His focus on building up the firm’s core middle-market franchise has borne fruit – not just in increased business loans but also on coverage more broadly. He drove the creation of deeper regional structures within the US, led by ‘market presidents’ who take personal responsibility for coordinating the bank’s activities across the country.