Voracious risk appetite propelled Goldman’s earnings in the good times and induced rivals to follow suit. Only when the crash came did they learn, too late, how good a risk manager Goldman is. By managing itself well and avoiding the worst hits, while rivals are clearing up their own mess, Goldman has enhanced its client franchises. It is open for business with customers and reminding them why they wanted to deal with the firm in the first place. How has Goldman achieved this? Peter Lee asks the firm’s senior management to answer the question.

Decision to sponsor cycling team guarantees to generate huge media coverage.

Dealers crushed by shift in interest rate expectations as swap yield curves invert.

The restructuring of Cheyne’s SIV could provide a blueprint for other stricken vehicles; Blackrock in the frame to manage StanChart’s SIV.

With almost 100 years of foreign exchange experience between them, the three executives running Tradex Capital Markets have plenty to say about the industry.

OGX, the Brazilian mining company owned by billionaire Eike Batista, and the Bolsa Mexicana de Valores, the Mexican stock exchange, both came to market last month with landmark IPOs. They were important deals in a number of respects, including getting Latin primary market issuance going again this year. At least as significant was the emergence of China’s sovereign wealth fund, China Investment Corporation, as an investor in Latin American IPOs.

Hundreds of thousands of Mexicans are borrowing from a new kind of creditor, called a sofom, but experts are concerned that the unregulated lenders are charging extortionate rates of interest. In July 2006, a change in the law enabled sociedades financieras de ojeto multiple (sofomes) – financial companies that provide all classes of credit, including mortgages, car loans, personal loans, bridging loans, department store loans, credit cards, commercial loans, leasing, and microcredit – to be created.

"You should come to Beirut soon. The situation has improved a lot," Adnan Kassar, chairman of Lebanon’s Fransabank, advises Euromoney.

Widespread speculation about the likely purchaser of Bank of America’s equity prime brokerage business has come to an end.

Japan’s stock markets have struggled lately as foreign investors abandon the country in droves; the Tokyo Stock Exchange, meanwhile, suffers from the perception that listing on it is still too difficult for foreign companies and that it is prone to technological problems.