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Rebellion of the dispossessed

Private-equity houses are trawling Europe for cheap listed companies. Critics say shareholders shouldn't sell out so cheaply but should rather seek enhanced value for themselves. Some are already rebelling against the loss of future value.

Joanna Hickey, October 01, 2003

HSBC's local heroes take a global view

HSBC's retail and corporate bank marketing has stressed its prowess as the world's local bank. However, the quest for a much enhanced global investment banking business demands a break from group tradition, one that redeployed and enhanced top management seems intent on implementing.

Kathryn Tully, October 01, 2003

Mid-size banks play hard to get

Spain's banking market is Europe's most attractive, and theoretically at least there's still room for more consolidation. Spanish bankers, though, reckon potential targets are not in a rush to give up their independence. But then they might overcome their hesitancy if the price is right.

Ben Sills, October 01, 2003

CVC takes spread-betting company private

Deal: Take-private of IG Group

Mark Brown, October 01, 2003

Bloomberg stirs up competition

Bloomberg is beefing up its fixed-income trading capability for the first time in years. This could pose a threat to existing bond-trading platforms. But rivals hope Bloomberg's efforts are just too late to wipe them out.

October 01, 2003

High-yield high-fliers

After 11 years at Mackay Shields, Steven Tananbaum concluded that there was room for a new player in the limited field of top-quality high-yield asset management. The result was Golden Tree Asset Management.

Antony Currie, October 01, 2003

People: Diego Wauters, CEO, Coriolis Capital

Diego Wauters, chairman and CEO of Coriolis Capital, was in hospital having a foot operation that was going to leave him wheelchair bound for three months when the company began setting up in its new offices.

Kathryn Tully, October 01, 2003

BANKING

Dr Mahathir alternative therapy

Contraversy has dogged Mahathir Mohamad's 22 years' dedication to making Malaysia a healthy modern economy. Now on the brink of retirement the prime minister spoke to Chris Cockerill about his country's achievements and his refusal to bow to the prescriptions of the developed world.

Chris Cockerill, October 01, 2003

People: David Puth, Global head of foreign exchange and managing director of credit and rates, JPMorgan Chase

Some of JPMorgan's foreign exchange staff in London were bound to be unnerved when they heard that the big cheese from New York was moving across the Atlantic.

Katie Astbury, October 01, 2003

Private-equity big guns turn to Russia

The Russian private-equity market has had a great few months and many of the big houses are establishing funds. But are they prepared for russian condition, and are there enough deals out there to be done?

October 01, 2003

UK is failing to combat business fraud

Fraud experts from the police, financial services, and legal professions have delivered a stark warning that current UK fraud legislation is unable to cope with the continual rise in financial fraud.

September 30, 2003

EC adopts regulation endorsing International Accounting Standards

Regulations adopted by the European Commission (EC) will require listed companies to comply with International Accounting Standards (IASs), including related interpretations (SICs), when they submit their consolidated accounts, as from 2005. This decision follows on from the IAS regulations first put in place by the European Parliament and the Council in 2002.

September 29, 2003

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