The Best Bank award recognises excellence across investment banking, consumer and commercial banking.
This year, volatile emerging markets stress tested Citi’s Asian business. Analysts scrutinised its franchise in the region but found no major ramp up in net credit losses, demonstrating that Citi’s growth in Asia over recent years has been built on a solid foundation.
The business looks steady and well funded income from continuing operations before taxes rose 10% to $4.57 billion in the first nine months of 2013 from a year earlier. Citi’s deposits in Asia were $250.8 billion and it had more than $157.3 billion...