'Tis the season for league tables

With figures so easily fudged, what does it really mean to be at the top of the league tables?

ItÆs the time of the year when the elves read analysts in the investment banks are busy working overtime, putting together pitch books to convince the various financial journals that the year which is about to close was the best year they ever had. After all, being on top of the league tables and being selected as the loan, bond, equity, MA, derivative, house investment bank of the year could make all the difference in the annual year-end goodies, in the form of bonuses for the investment bankers.

Why are league tables and being selected as the House of the Year so important What difference does it make for the banks Why are...

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