Global M&A volume was up 39% to $1.4 trillion in the first half of the year. However, revenues only increased 13%, further evidence of the fact that M&A advisory is not the guaranteed meal ticket it used to be.

CSN becomes latest Brazilian borrower to issue new product

Rank's termination of its ADR programme and a survey on US public company costs highlight impact of legislation

Private banking is an increasingly cut-throat business and there are few lengths to which private bankers will not go to pamper their clients. That might explain the curious press release that landed in Euromoney's mailbox from JPMorgan Private Bank in Hong Kong, announcing the firm's summer reading list for clients.

Threats to the Arroyo regime in the Philippines raise worries about the quality of likely successors.

John Costas speaks to Euromoney about the achievements of UBS's investment bank during his tenure as chief executive and the legacy he leaves to his successor.

An end in sight for high-level M&A in Russia's oil and gas sector

Smart investors seek out the SARs

The cash bond trading index has launched a US version

Whatever else might be said of him, Domingo Cavallo is a brave man. Argentina's former economy minister, widely blamed for the country's meltdown following its devaluation and debt default, is planning a return to the limelight. He has decided to run in Argentina's legislative elections due in October. The 59-year-old is campaigning to win a seat as deputy in the lower house of congress in Buenos Aires for the centre-right Action for the Republic Party.

Thierry Sciard is set to bring together the US house's investment management stakes

In the past few years, GMAC's mortgage-related businesses have become increasingly stymied by the ill-favoured rating environment of their immediate parent and GM. It was time to find a way out.

Banks are spending more to remain competitive, but with so many firms to choose from how can they be sure a vendor will understand their needs? Euromoney's second financial technology users' survey has some answers.

Euroclear wants to create a single, low-cost European securities market, but it also wants to expand the role of its bank. That leaves market participants feeling uneasy about where Euroclear fits into the brave new world of clearing and settlement. Some are concerned that time is running out to settle the debate.

Biggest index reweighting since 2000 has caught some investors off guard

Visual technology to change the way financial communities react to events in the market

European high-yield market faces a €6 billion test

UBS has dispelled the notion that investment bank CEO successions must be messy, vindictive battles. When John Costas handed over in June to Huw Jenkins, his global head of equities, it was the culmination of almost a year of planning. It was a fitting end to a successful term for Costas, and Jenkins's appointment recognized UBS's success in equities. Euromoney speaks to both men about Costas's legacy and what Jenkins plans to do next.