Bank business models have to change. Capital requirements will be higher. Leverage and risk will be lower. But there is a danger that regulators will try to make the system too safe. That’s if they ever manage to coordinate their actions. In the meantime, bank leaders are trying to find the best model for their own institutions, while managing the fallout from the credit crunch and second-guessing the lawmakers. Peter Lee reports.

US bank gets secondary market nod; Still lacks crucial underwriting licence

Development agencies emerge as key players; Other funds in the pipeline

Slight pick-up in volumes; Investors see value in battered UK

Have you got children in their late 20s and 30s who are still single? Perhaps it is time to become a client of Hana Private Bank.

One year after its collapse, Lehman Brothers has inspired its first film.

Re-elected president set on more clean-ups; Economy on a steady growth path

Chilean broker and US bank to build derivatives platform; Economists view Chile as Latin tiger

Youssef Khlat has joined Calyon as global head of high-yield capital markets, several months after parting company with BNP Paribas (where he was European head) when it pulled back from the business. Commenting on the hire, Tim Hall, global head of DCM origination at Calyon, says: "We expect the high-yield market to be increasingly relevant to non-investment-grade companies globally due to pending maturities coupled with tighter liquidity in the bank market."

Krawcheck faces tough task at BofA Merrill Lynch; Merrill wealth staffers unwelcoming of outsiders

China signals its intent for the yuan to become a reserve currency soon.

Bid-ask spread spreads are narrowing in rates; ECM fees and volumes are under pressure

Agreement of new capital rules can’t come soon enough but speedy imposition of them might be dangerous for banks and the global economy.

The boom in the bond markets has quickly brought back some unwanted old habits.

Government policymakers and regulators around the world are striving to agree new rules to make the financial system safer. Euromoney has a few recommendations.

New government must be careful not to crank up the JGB machine too far.

Limited UBS agreement to disclose account details to IRS should not fatally damage the sector.

The collapse of the Gulf states’ investment boom suggests that they should look to the wider region as a target for their surpluses.

The buoyant stock market is built on credit stimuli that cannot continue until there is a recovery in the real economy – and that is still way over the horizon.

In July this column read the last rites over some unexpected victims of the crisis. Happily, some deaths have been greatly exaggerated while other parts of the economy and markets are due for a renaissance.

Global wealth managers lose out to local players; Client expectations set to change playing field

"How the hell do you think I’m doing after losing $1 billion?"

Balance sheet strengthened to create billions in economic capital; IPO of 15% of Brazilian operation weighed

Spanish bank is the first foreign buyer from the FDIC; Rising failures are testing the FDIC’s resources

Ratings agencies may not use the First Amendment to protect themselves but they still won’t be successfully sued over every structured credit opinion.