the audit

Fortune‘s Most Admired Banks

March 3, 2009

1. Bank of America. Because you’ve got to admire a company that apparently makes it through the crisis only to buy another obviously buckled company that will likely cause both not to make it.

2. JPMorgan Chase. Only other bankers could truly admire those guys who invented the credit derivatives that spurred the crisis, magnified it, and spread it—but got out relatively unscathed.

Citigroup lands at No. 11. Citigroup!

Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR’s business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu. Follow him on Twitter at @ryanchittum.