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  • The City of London is probably more efficient and egalitarian than it used to be. Still, there are a few places where the conversation, and the quantities of wine drunk, can transport the casual listener back to the old days of long lunches, rampant sexism and the power of the old school tie.
  • President and CEO, Delta Capital
  • North Korea is planning to set up a special administrative region and create a financial and commercial centre to rival all others in Asia. The North Korean authorities say the area will be autonomous, with its own legislative, judicial and executive powers.
  • A couple of years ago, wearing a suit and tie marked you as a stick-in-the-mud. It might mean you were caught in the past and didn't get the new economy.
  • With asset prices beaten down, private-equity firms see big opportunities to buy now. But are they calling the bottom of the market too soon?
  • China is a massive liberalizing market. Does this mean big opportunities for foreigners to make money? Up to a point perhaps – size of this order is difficult for outsiders to get a grip of and domestic institutions will in any case want the biggest share.
  • This ranking of Latin American banks was compiled by Moody's Investors Service from commercial banks' annual reports and financial statements. Where possible, figures are presented in consolidated form. Banks owned by other financial institutions are not listed separately. Subsidiaries and branches are not shown either.
  • The Korean government’s sale of Seoul Bank to another domestic player has upset foreign bidders . But the sale is likely to prompt further consolidation.
  • Kazakhstan led the world growth table in 2001 and credit rating agencies see it as a sound candidate for borrowing. Export credit agencies are not so confident, pointing in their ratings to paltry political reform and a nepotistic ruling elite.
  • In my view the bear market in equities will resume beyond the so-called summer rally. Crucially, the huge fall in household wealth will dampen consumer demand and rising risk aversion will delay a revival of global investment. There will also be much weaker corporate earnings growth, making equities overvalued; a weaker dollar spreading deflation into emerging economies; and poor leadership from the US administration on global economic policy and geopolitics.