Under the leadership of Brian Moynihan, Bank of America has become the poster child for stakeholder capitalism in banking. Shareholders benefit; previous strong underwriting and ample liquidity enabled it to grow loans strongly in the pandemic recovery; and management is confident it can weather the coming downturn.

Euromoney Market Leaders, a newly launched accreditation programme that complements existing Euromoney and Asiamoney rankings, examines how two regions are dealing with current headwinds and preparing for the future.

Bank of America is the world’s best bank and Goldman Sachs is the world’s best investment bank in Euromoney’s Awards for Excellence 2022.