Bank of America Corp (NYSE: BAC) has received seven awards from Euromoney Magazine’s “2010 Awards For Excellence” program, including Best Bank in the U.S., Best Global High Yield Bond House, Best Equity House in North America, Best Debt House in North America, Best Debt House in Japan, Best M&A House in Russia andBest Investment Bank in Sweden.
“We are gratified by this recognition, which is further validation that our three client groups — consumers, companies of every size, and institutional investors — see the value of the capabilities this unmatched financial services franchise can bring,” said Chief Executive Officer and President Brian T. Moynihan.
Bank of America Corp (NYSE: BAC) received the “Best Bank in the United States Award” because of the company’s efforts to ”help simplify the financial lives of its customers”. Joe Price, president of Consumer and Small Business Banking, said: “This award reflects our excellence and strength in creating transparent solutions for our customers, even in the most challenging years.” In 2009, the bank extended more credit than any other bank in the country in both the consumer and commercial sectors.
Our Capital Markets and Investment Banking teams have done a tremendous job for clients over the last year,” said President of Global Banking and Markets Tom Montag. “Their creativity and innovation helped reopen the financial markets, and in the process they helped hundreds of companies raise capital during some very challenging market conditions.”
Bank of America Corp (NYSE: BAC) won awards for its debt and equity operations saying that Bank of America Corp (NYSE: BAC)’s Merrill Lynch division deserves credit for “not only building the equity and debt businesses respectively, but also for their efforts in working together to bring cross-asset class financing solutions to clients — an expertise lacking at its Wall Street peers, and one that clients are increasingly demanding of their investment bankers.”
