Class of 2021: Performing Through The Pandemic
At the end of each year, Euromoney takes a close look at the performance of 25 key institutions that we cover. Speaking to senior executives at these firms, we assess what went right and what didn’t, together with what might lie ahead.
This year, we have also examined the views of those at the top on two important factors for 2022: their own and others’ asset quality, and the disruptive threat of China. Their observations are discussed in the two features below, followed by our reports for 2021 on the Euromoney 25.
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Covid barely dented the strength of the banking system and most banks have been steadily releasing the provisions they took. Euromoney talks to the leaders of our 25 reviewed banks and others about the challenges they face as the world normalizes. -
It is more important than ever that banks get China right. Senior executives from the Euromoney 25 discuss what to expect in 2022 as the world’s second-largest economy enters a period of more stable growth.
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Chief executive Brian Moynihan will be hoping that a management reshuffle has set the bank on track to finally make good on the promise of its sprawling reach.
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Losing your chief executive in messy circumstances is never a good look, but Barclays does at least have momentum in its investment bank as it looks for a fresh start in 2022.
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Greater regulatory clarity, and perhaps a sale of Bank of the West, leave the French bank with the happy dilemma of what to do with excess capital.
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China Construction Bank enjoyed a strong year, benefiting from sharply higher trading income and better asset quality.
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Consent orders provide a perfect excuse to shareholders for spending on the better risk management and controls that Citi’s businesses need.
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Being France’s biggest retail bank might not sound as appealing as it once was. But Crédit Agricole’s management is focused on the growing number of additional products it is plugging into the network.
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Credit Suisse’s hopes for 2021 were dashed by March, thanks to Greensill’s collapse and Archegos’s implosion. It really needs 2022 to go well.
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Piyush Gupta thinks the worst is behind us and now is the time for the bank to start looking at China.
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Now back at single-A with both leading rating agencies, Deutsche hopes to win more business and improve margins as investors await their share of the returns.
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Investment banking underpinned a strong year for First Abu Dhabi Bank, as the UAE-based lender benefited from its long-standing investment in digital and led the way on a host of big-ticket capital market transactions.
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After setting ambitious targets in its 2020 investor day, Goldman Sachs has been making good on its promises across all areas of the firm.
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It might have the wind in its sails, but the bank will need to be nimble and smart if it is to find success in its three principle aims.
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The bank had a good year, keeping profits high and bad loans low. But the big challenges of the 2020s start now.
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The CEO and CFO aren’t about to abandon the physical in the chase for digital business.
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The bank hopes to profit from the normalization it expected in 2021, if borrowing picks up and rates rise in 2022.
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Macquarie has emerged from the pandemic cashed-up and ready to spend.
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The firm’s old businesses shone in 2021, but what was once the ballast to stabilize their volatile earnings is now the growth story.
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MUFG reaps benefits from releases and Morgan Stanley but needs do the same from its core businesses.
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Royal Bank of Canada reckons it is in a good position to capitalize on opportunities in a rising rate environment – and has room to grow in investment banking.
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After years when the UK and the US banks were Santander’s problem children, those markets are now leading its recovery.
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A year ago, Sber’s stellar profitability looked to be under threat. This year, it has defied the doubters and has just unveiled record net profit for the first nine months of the year.
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StanChart had more to lose than most from the disruption of Covid – and more to gain as the markets where it operates recover.
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Ralph Hamers is quietly imposing his vision on UBS, axing senior titles to simplify the structure and eyeing a new US digital bank for affluent customers.
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Beyond the headline-grabbing talks on buying Banca Monte dei Paschi, the new chief executive has radically reshaped the bank as he seeks to better harness its potential.
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More than five years after succumbing to one of the biggest consumer abuse scandals in history, Wells Fargo still faces significant regulatory challenges.
Class of 2020
Class of 2019
Class of 2018
Class of 2017
