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The stars were aligned for GlaxoSmithKline’s $9 billion blockbuster issue, which smashed into the market and took several records with it.

It is not that long ago that Barclays Capital dismissed the possibility that it would cater directly for retail foreign exchange business.

"Go West", sang the Village People when encouraging listeners to seek utopia but bankers considering their career prospects might now be advised to go in the opposite direction. In what might be a sign of things to come, Credit Suisse has relocated two senior bankers to Asia, seeking to align top talent with areas of highest potential growth. First up is Vikram Gandhi, who has led CS to its position as the top M&A adviser to financial institutions (year-to-date) since he joined the firm in 2005. Gandhi, who moves from New York to Hong Kong, will continue in his role as head of the global financial institutions group. Before he joined Credit Suisse, Gandhi was head of FIG at Morgan Stanley.

The billionaire investor is one of the world’s most successful buyers of distressed assets. He talks to Sudip Roy in New York about value destruction, a Middle East partnership and his strategy for the future.

These are happy days for mezzanine lenders. Having been excluded from the LBO boom of recent years they are now the first port of call for sponsors in the brave new world of leveraged finance. But how long will the mini-boom last? Louise Bowman reports.

US listed asset management firm BlackRock has embarked on a renewed drive into Latin America.

Mining company’s CEO hopes credit crunch won’t dent IPO and funding for expansion projects.

Many voices have called an end to structured credit. And yet, amid the continued retrenchment and fallout from several years of excessive activity, there are signs that this structuring technique is far from dead: its proponents are merely reshaping the technology. Alex Chambers reports.

High-ticket foreign purchases by Tata Steel and Hindalco have grabbed the headlines but India’s SMEs are also increasingly acquisitive. Cash-rich, or funded by enthusiastic local banks or foreign investors, they are taking advantage of turmoil in the US. Elliot Wilson reports.

Rasmala was created by one man: Ali Al Shihabi. The firm and its founder encapsulate the cultural fusion for which their home, Dubai, is famed. Dominic O’Neill profiles a company that specializes in the world’s fastest-growing financial market.

Never mind volatility in the financial markets. Latin America’s investment banking community has rarely seen so many senior people moving around as in the past few months – with the likelihood of more changes to come. Many of the leading international banks are shaking up their businesses either through big hires or internal moves to better target the region’s opportunities.

Best Borrowers 2008: Bank of America