More than 50% of Citigroup’s corporate and investment banking revenues come from outside north America, so emerging markets are the cornerstone of its success or failure. It already dominates some areas but can it blow the competition away in every product and in every region? Sudip Roy reports.

The market is attractive to potential foreign acquirers, but the process of acquisition is proving far from easy. Patrick Gill reports.

Second-lien financings grew dramatically in 2005. Total US second-lien loan issuance alone amounted to more than $22 billion in 2005. In Europe, second-lien issuance totalled €5.75 billion in 2005, rising from €1.88 billion in 2004.

Supply of both Islamic-compliant and conventional instruments has so far failed to keep up with the voracious levels of demand across the Middle East, but there are signs that product-starved investors might now begin to see a steadier flow, though far-reaching challenges remain. Kathryn Wells reports.

Thai capital markets are set for a bull run. SCB's president, Khunying Jada Watthanasiritham, expains how her bank, and other local firms, can profit despite growing interest from international banks.

Research overturns the paradigm that strong currencies provide superior returns.

A hostile bid in the Malaysian banking market is almost unheard of. But CIMB's pursuit of Southern Bank has provoked more than just headlines, and now almost every major banking group in the country is in play.

Jollibee Bee, mascot, all dressed up to collect company's award for Best-managed consumer goods company in Asia.

In last month's edition of Euromoney we published an article on page 10 headed "Is Deutsche's CDO business out of control?" which referred to Mark Stainton, Deutsche's successful former Head of CDO trading. Some readers may have thought that the article suggested that there was a link between Mark Stainton's departure from Deutsche to go to Citadel and an alleged overstatement of profits by Deutsche's trader Anshul Rustagi, whose dismissal from Deutsche Bank is currently subject to appeal.

A former FX salesman at JPMorgan Chase in New York has been arrested and charged with wire fraud. Terrence Gumbs apparently hid an unauthorized trade, which cost the bank about $6 million in losses, according to a criminal complaint unsealed in New York.

LBOs and technicals have boosted betting on the continuing steepness of the European credit curve. But nothing good lasts for ever and several things could upset the apple cart.

Argentina’s debt default, devaluation and subsequent recovery is, along with Enron’s fall from grace, the biggest financial story of the decade.