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  • Awards for Excellence 1999
  • The government's intervention to prop up the Hong Kong stock market last year was necessary, says finance minister Donald Tsang - to keep the elephants of international capital from treading on Hong Kong's small and delicate pond. Our poll finds that most of Hong Kong's financial leaders agree. Tsang speaks to Steven Irvine about who was to blame for the speculative attacks, how the state holding will be unwound and the impact of mainland Chinese equities on the island's market.
  • Global Winners
  • Awards for Excellence 1999
  • Il gatto e' fuori dal sacco
  • Awards for Excellence 1999
  • Scandinavian banks are falling over themselves to make acquisitions and take stakes in the Baltic states. What they get are brand-new, hi-tech banks with underdeveloped markets. The downside is that experienced local bankers are thin on the ground. The locals seem pleased enough by the invasion but some hint that more diversity of foreign involvement might offer a wider window on the world. Alex Mathias reports.
  • Awards for Excellence 1999
  • Foreign investors are buying large amounts of US agency debt as a substitute for treasuries. Fannie Mae and Freddie Mac, both publicly listed companies, are expanding their balance sheets and pushing into new markets. But they are not treasury lookalikes. The implications should concentrate the minds of investors. James Smalhout reports.
  • Asset-backed Finance: Europe takes to securitization
  • Henry Grunfeld died on June 10, a few days after celebrating his 95th birthday with his family and close colleagues. He had maintained his regular attendance at his office at Warburg Dillon Read, and his interest in the business and activities of the firm, until the day before his death.
  • No bank in Poland, it seems, wants to marry the acquisition-hungry Bank Handlowy, and the Polish treasury hasn't helped as matchmaker. But the once-proud foreign trade giant desperately needs a source of retail deposits. It missed out on Bank Pekao, and the smaller Bank Zachodni. What scraps are left that the foreigners haven't eaten? Oonagh Leighton reports