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  • The quest to find the best-guarded bank in Central America begins in Costa Rica. Raids on branches have become a problem in this traditionally peaceful, unarmed society. Crédito Agrícola de Cartago has taken on a nervous-looking youth with a rifle. Few such worries at the central bank, where the security guard is armed only with a pistol and is too busy chatting with the shoe-shiners to notice me sneaking past.
  • BEST JAPANESE BORROWER
  • Thirty years ago, US withholding-tax regulations kick-started the Eurodollar market which Euromoney was founded to report on. And today, withholding-tax regulation is again a hot topic in the international bond markets. Although the European Central Bank (ECB) has refused to comment publicly on the recent furore over savings tax harmonization, saying it is purely a matter for the European Commission, it is understood that senior ECB figures are in favour of harmonizing withholding taxes throughout Europe. This would involve the introduction of a withholding tax to be enforced in London. The ECB's motivation to support such regulation could be said to be the same as that behind its determination to restrict the access of UK institutions to the European cross-border payment system, Target. The bank is believed to be extremely uncomfortable with the idea of having the principal money market for its new currency located outside the eurozone, fearing that this would compromise the ability of the ECB to conduct monetary policy.
  • At the unlikely venue of Durbanville racecourse in autumnal South Africa, a little-known four-year-old pipped Like A Rock by a length to win the Maiden Plate over 1,200 metres on April 28.
  • Reflexologists, iridologists and physiotherapists are not the analysts usually associated with Warburg Dillon Read, but a platoon of them was hired in to "destress" the bank's London workforce. Over the three-day event, all but 40 of the bank's staff turned up to get their cholesterol and blood pressure tested, and to take in advice on alternative therapies.
  • It's one of the most famous addresses in the world. Sir Arthur Conan Doyle's detective hero Sherlock Holmes had his home at 221b Baker Street in London and for many tourists travelling to London a visit is high on the list.
  • Given the number of banking and commercial agreements written under English law, bankers and corporate lawyers need to be aware of new litigation rules in the UK. By Christopher Stoakes
  • 1 David Montagu, William de Gelsey, Andrew Large, Hans de Gier
  • HSBC faces a bizarre lawsuit over the rebranding of subsidiaries. With 80% of the new HSBC signs already up in the UK outside former Midland branches, a rival financial institution, HFC Bank, has begun litigation against HSBC claiming it is damaging its franchise and stealing its hard-earned brand name.
  • Issuer: Hutchison Whampoa