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The Swiss bank is making determined efforts to grow its US private banking business.

By David F. Conroy, managing director, head of global trade sales, Citigroup and Michael Guralnick, managing director, head of EMEA client management, corporate and public sectors, Citigroup.

SEB, winner of the Euromoney Technology Award for Cash Management 2005, provides a best-of-breed web-based solution and client-centred services for group-wide cash forecasting.

In December 2001, the government defaulted on $81.8 billion of debt repayments and broke the peso’s link with the dollar. When Nielsen was appointed in May 2002, the country was in the midst of one of the worst financial, social and political crises to hit any country since the Great Depression. His job, together with that of his economy minister, Roberto Lavagna, was to help restore stability and turn around Argentina’s financial fortunes.

The problems of open-ended real estate funds might pave the way for the rapid success of Reits.

Increasing regulatory and governance pressures for more direct control and accountability of treasury processes has changed the relationship between corporates and their bank partners.

Further consolidation in Latin America’s banking industry is expected on the back of strong economic growth and financial stability. Foreign banks, which were active acquirers in the 1990s, are expected to play a big part in this. Leticia Lozano reports.

The syndicated loans sector’s transformation from dominance by bank holders to a growing role for institutional investors has already happened – now the predominance of hedge funds is encouraging new technology.

Guillermo Nielsen, Argentina's former finance secretary, on Roberto Lavagna, former economy minister.

The Chicago Mercantile Exchange has launched a snowfall index. From the end of February, investors were able to trade snowfall futures and options based on snowfall in New York and Boston. “From municipal snow removal budgets to holiday retail sales, snowfall, or lack thereof, can have a major impact on local and regional economies,” says Scott Mathews, president of CTA WeatherEX. “Our clients will be able to hedge the expense or revenue side of the snowfall equation.” It will be a little too late for those affected by the snowstorms in New York in February. A record 27 inches of snow fell in 24 hours, costing the city an estimated $20 million.

Taishin Financial’s share price soared 14% on the first day after the announcement of its link-up with Asian private equity firm Newbridge Capital, and gave a shot in the arm to Taiwan’s banking sector. Finally, it seemed, someone wanted to invest in a Taiwanese bank.

Lehman's Grant Bowman has a taste of Superbowl fame in the Pittsburgh Steelers practice squad.