Focusing more than ever on profitablility, banks are making big changes in their businesses, not least in bringing debt and equity teams together. Antony Currie and Peter Koh report

Attractive margins on new-issue business in the sterling corporate bonds sector are encouraging European and US banks to enter the market. But gaining and maintaining a foothold in this cliquish arena could prove costly

Issuer: ELoC 16

Afer three years of speculation about his departure, Citigroup's CEO Sandy Weil has finally named a successor. But the story doesn't end there.

Issuer: Huntsman

You don't become chairman of Santander Central Hispano, Spain's largest bank, and the undisputed don of Spanish finance, if you're easily flustered. But Emilio Botín is something else. He was quizzed recently by Spanish journalists about how he felt about the 150-year jail sentence he's facing for alleged tax fraud. Serene, he told them.

Head of business development, MDM Financial

Global head of foreign exchange research, JPMorgan Chase