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  • On a trip to Baroda, a dusty, remote town in western India, a senior executive from a multinational in Mumbai was astonished to find a small IT company that processes parking tickets for the New York Police Department.
  • While Horlick’s problems were perhaps the most widely documented of the SocGen team, Keith Percy and John Richards also had their own difficulties.
  • Smith&Wollensky has come up with the ideal recipe for those bankers and investors who are still smarting, and who are feeling slightly less flush in the wallet department. Despite sounding like a boutique financial firm, Smith&Wollensky is in fact one of New York's premier steakhouses, oft frequented for lunch and dinner by all echelons of Wall Street.
  • Former assistant secretary of US Treasury for international affairs
  • The most famous face in fund management in the City talks about the fruitless efforts by tabloid newspapers to dig up details of her private life in the wake of her departure from Morgan Grenfell four years ago.
  • Six months ago, Peru might have been in bad shape, but at least the future looked bright.
  • In foreign exchange it's a truism that size matters. Niche players are being squeezed out of the market because they can't compete with the big banks on price, and even the heavyweights are swallowing each other up in a bid to become the most powerful institution. For now, there's one clear leader.
  • New bankruptcy legislation making its way through the US Congress may have unintended consequences that could cause it to backfire on the banking industry.
  • The Federal Reserve caught the markets off their guard when it slashed the Federal Funds rate by half a percentage point on April 18.
  • Faced with rising technology costs and regulatory change, fund managers are seeking to transfer more processes to their global custodians. In doing so, they are presenting service providers with a new set of challenges and opportunities. Rick Butler asks how far the trend to outsourcing can go