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  • Hand-in-hand with the arrival of a new ethos in Italian banking, a new generation of senior managers has emerged. They are talented, energetic and young - which in Italian banking means under 60.
  • Why should a UK bank become a tax collector for the Germans? That is the not-so-hidden agenda that international bondholders see behind a proposed EU directive on taxation of savings.
  • Our annual survey of asset managers outside the US, in conjunction with InterSec Research Corporation, shows the continuing dominance of Japanese and Swiss institutions. But industry consolidation is propelling firms such as Credit Suisse and Zurich up the rankings. Report by Jim Sirius.
  • Falling for corporates
  • Propelled by a new breed of dynamic managers, Italy's banks are homing in on shareholder value. Consolidation is the battle cry, with three large mergers already announced. But choosing partners may prove the easy part. The real problems will start when the banks try to integrate. By James Rutter.
  • What's the chance now of an Emu break-up? Euro-agnostics say the most likely event is the exit of a single country because euroland is too tough for it, or too weak. But just as likely, if not more so, is a fudge and fix by member governments desperate to keep the show on the road - ways would be found of pumping money into a country threatening default.
  • Size is a well-known impediment to fund-management sprightliness and profitability. As traditional institutional investors leap belatedly on the bandwagon, that's become as true of hedge funds as of staider operations. The likely outcome: significantly declining returns. By Mike Steinberger.
  • Born out of a bloody cull, shaped by a succession of departures, HSBC Asset Management has led a tortured existence. While competitors have grown through acquisitions HSBC has been reinventing its business. The result? It's lagging behind the market leaders in both size and performance. Is now the time to buy? Andrew Capon and Julian Marshall report.
  • Falling for corporates
  • Asia's currencies may be worth less than they were, but in two Asian city states a new currency is on the rise - the electronic variety. As Steven Irvine reports, central bankers want to encourage e-cash but they are nervous about its implications.
  • "Just ask Sunil about his record collection," was the advice of a Hong Kong-based Citibanker, "you won't be disappointed." Sure enough, this question draws an enthusiastic response. "I think I have more CDs than certain record shops in Kuala Lumpur," laughs Sunil Sreenivasan.
  • The clearing system grinds to a halt and the single European currency collapses under the weight of Italian debt. But that was 1570. This time, argues Ronald Layard-Liesching, monetary union will bring devastating capital flows, bank failures and regional recession. And that's just the good news.