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| John Abate, head of loan trading at JPMorgan, receives the award for Best Overall Trading Group from Institutional Investor News' Kendra Bahneman |
JPMorgan and Credit Suisse First Boston held onto their respective titles as the best par and distressed loan trading desks in LMW's 2005 Best Trading Desk survey. For the fourth year running JPMorgan was handed the best overall title last Thursday at the Union League Club in New York, but major changes occurred in both par and distressed. In par, Deutsche Bank moved from sixth to a second place tie with CSFB and Lehman Brothers jumped seven places to third in distressed. For full results, click on the award section on the home page.