When deciding our awards this year, we had to take into consideration the global economic condition û not just AsiaÆs financial health. If the failure of Lehman Brothers has shown us anything, it is that the world indeed is not flat. Lehman BrothersÆ Asia business was a standout this year, but that did not û and could not û save the firm. What happened in New York hurt Hong Kong and Japan. And that holds true across firms.
We felt this particularly impacted our decision about best investment bank, and by proxy best bank which incorporates the criteria for both best investment bank and best commercial bank. No bulge bracket investment bank continues to...
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