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  • European private-equity firms escaped the full effects of the tech collapse that hit their US peers so hard last year. But they could hardly escape the atmosphere of panic and have trimmed their sails, avoiding riskier start-up-style ventures and giving more attention to buy-outs and blue-chip companies’ disposals of non-core businesses.
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  • The large foreign-owned banks now dominate in Latin America. Citigroup sees off BSCH's challenge for best bank, while JPMorgan picks up two awards. Felix Salmon
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  • Reform, liberalization, infrastructure investment and international borrowing were among the leading topics of discussion at Euromoney's recent conference. Entitled Saudi Arabia: Financing the Future, this, the largest international conference of its scale in the Kingdom to date, took place on May 29-30 at the Al-Faisaliyah Center in the Olaya district of Riyadh. Euromoney organized and hosted the event along with co-organizer Council Saudi Chambers of Commerce and Industry and co-host Saudi Arabian General Investment Authority.
  • The world’s most improved equity house
  • In a country which had become utterly disillusioned by its politicians’ failure to revive the economy, Japan’s new prime minister, Junichiro Koizumi, has quickly won huge popularity with calls for radical reform. Japan certainly needs this. And Koizumi intends to start at the key point, with the country’s ailing banks. But the consequences of reform will certainly be painful. If slowing growth and rising unemployment erode his popularity, the old political inertia may stifle Koizumi’s efforts yet.