Best Bank, Best Commercial Bank
Citi just gets stronger and stronger in Asia. That fact became evident at an analysts and investor meeting it held in Hong Kong in September when it went through all its Asian numbers line-by-line. If you actually looked at Citigroup Asia as a distinct bank, it would rank as the 40th largest in the world on the basis of profit.
Citi's corporate and investment banking division made $571 million in the first half of 2005 and analysts estimate that its non-Japan, non-Australia business will make about $1.2 billion for the year as a whole. What is even...