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  • Over a quick lunch between conference panels at Euromoney's Borrowers and Investors Forum, held last month at the London Hilton Hotel, the treasurer of one of the biggest liability managers voiced his growing frustration with the slow pace at which leading banks and investment banks are embracing the internet.
  • It may be 148 years since their troops last fought each other in combat and nine years since they buried their economic differences to form Mercosur, but rivalry between Argentina and Brazil still runs deep. These days South America's two superpowers fight proxy wars over credit ratings, GDP growth rates - and of course football.
  • The days of the weak euro seem to be over. The euro has bounced back from the nadir of $0.88 to $0.96 now. But it's still way below the level of $1.17, when it was launched nearly 18 months ago. At the time of its launch, I forecast that the euro would slump to 1:1 against the dollar. When it reached that level, I expected it to turn round and head back up. But that prediction has been confounded so far.
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  • Morgan Stanley Dean Witter
  • Morgan Stanley Dean Witter
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  • Deutsche Bank
  • The Americans have learned some painful lessons about mergers. The Canadians have been told they can't merge. Fifth Third Bank is successful where others aren't, and TDM in Canada shows the rest how to acquire and integrate. Antony Currie
  • Royal Bank of Scotland triumphs. Garanti goes consumer. Simon Brady, David Shirreff