Heavy mettle: The complex regulatory landscape transforming investment banking is a burden for any firm. Navigating it while dealing with reputational issues and serial investigations – and remaining focused on clients at the same time – is more difficult still. For doing all this successfully, and sticking it out to win substantial gains in market share despite tough economic headwinds, Goldman Sachs is IFR’s Bank of the Year.
What is there to say about 2013? Well the first thing banks should say (again) is “thanks very much”. Thanks, that is, to policy makers and central bankers around the world for pumping so much free money into the system.