Both banks have been battling in recent years to challenge the supremacy in lucrative commodities by U.S. investment banks Goldman Sachs, JP Morgan and Morgan Stanley , which hold the top three global positions.
Investors are more optimistic about corporate profits. A net 6 percent of the panel expects corporate profits to improve in the coming year. A month ago, a net 11 percent predicted profits would decline.
Christopher Moore, Publisher and CEO of EMEA Finance magazine, said, “We are proud to recognize Deutsche Bank’s accomplishments as a leading DR bank with our Best DR Program in EMEA Award for 2011.
BNP Paribas is planning to launch a fund this year to drum up new liquidity for trade finance, Jacques-Olivier Thomann, the managing director of the bank's Geneva office, said on Tuesday.
RBC Dexia came first in the UK for the seventh year running and was also elected best custodian in Europe, Canada, North America, Far East and BeNeLux.
The $600-billion fund, which invests the Norwegian state’s tax revenues from oil and gas activities abroad, suffered its third-worst result in percentage terms since its inception in 1998, declining 2.5 per cent.
The lender is due to open its eleventh branch in High Wycombe, Buckinghamshire, tomorrow, and has plans for a further nine branches this year and 200 branches over the next decade.