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  • With inflation falling in Brazil, the days when banks could grow fat on government paper are almost over. New business lines, consolidation and retrenchment are high on the agenda and there are persistent rumours that Citibank will beef up its presence in Latin America's biggest economy.
  • An embarrassing and potentially damaging controversy is emerging in Islamic equity funds. Because of the way the vast majority have been handled by mainstream brokers, many may not be as Shariah-compliant as investing customers would expect.
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  • When Allianz announced its first-half results in August, it fuelled both sides of the argument about Dresdner Kleinwort Wasserstein's future.
  • Banking talent is always newsworthy, especially when it is unearthed in a dimly lit bar and involves Elvis renditions. The bar, in London's Canary Wharf, is a haunt of Gareth Jones, a salesman at BNY Securities. The event was the inaugural public gig of The Dealers.
  • Debt capital markets is one area of European banking that is hiring rather than firing. But most of the new jobs are at banks still building a presence, and it is only skilled, experienced staff that they are after at modest cost.
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  • Saudi Arabia is making progress in restructuring its economy, but keeping up to speed a move away from dependence on oil itself rests on high oil prices and low interest rates.
  • A growing number of companies are realizing that there is a large pool of cash in the Islamic world that they may be able to tap into to diversify their funding sources and lower their financing costs. However, they must be willing to embrace Shariah-compliant structures.