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Derivatives house of the year: Societe Generale
Societe Generale's investment bank is profitable, stable, and focused - simple boasts other dealers cannot match - and which have allowed the bank to continue investing and innovating
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For dealers, the financial crisis has been followed by an identity crisis. More than six years after the collapse of Lehman Brothers, banks are still working out what businesses they want to be in and how best to offer them, a task prolonged by evolving regulations and record-low interest rates that are putting a brake on fixed income, the traditional motor of the franchise. For the most part, and particularly among Europeans, dealers are on the back foot: reviewing, revamping, retrenching and
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