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  • The UK's Financial Services Authority (FSA) booked its first high-profile transfer from the private sector last month, appointing Gay Evans of Bankers Trust as director of markets and exchanges. Evans will report to head of financial supervision Michael Foot from September.
  • Leaders of Africa's new deal
  • Leaders of Africa's new deal
  • Who's to blame for Asia's crisis? And what happens now? Nine of the region's movers and shakers give their views on the pace of change across the region, the part played by the Japanese banks, the future of Hong Kong's currency peg and the role of China.
  • I expect the US equity market to fall 30% to 40% this year. The catalyst for the turn in sentiment will be static (or falling) corporate profits, rising inflation and higher interest rates. Mania will drive the collapse. When the dust settles, the US economy will slide into recession. Consumers will retrench to pay down debts. The dollar will fall. It will be the dawn of a two-year bear market.
  • When they were winning, the traders of Garantia, Brazil's leading investment bank, were formidable masters of the universe, confident and overbearing. Now they are down - after substantial losses last year - no-one in Sao Paulo feels much pity. But beneath the emotions lie more serious issues: can the bank founded 27 years ago by former tennis champion Jorge Paulo Lemann survive independently? Will it be bought by an international house? If so, what will happen to its daring traders? Brian Caplen reports.
  • BankAmerica and NationsBank had both bought into hi-tech investment banking, so when they merged there was bound to be surplus capacity. It was worse than that, though. BA's Robertson Stephens and Nations' Montgomery Securities had a bitter mutual history and could hardly have worked together. Michelle Celarier reports.
  • Leaders of Africa's new deal
  • Investment bankers are sometimes accused of seeking an image that is more pin-up than pinstripes. One of their number at least will be among the throng at the Cannes film festival, but she will be quite happy for the paparazzi to keep their lenses trained on the starlets cavorting on the beach. Premila Hoon will be looking for projects to launch Société Générale's new film-finance business.
  • On Wall Street, the cult of McKinsey continues to flourish. Long considered the management consultancy of choice by bankers and brokers, McKinsey's image has been further burnished in recent years by the success of several ex-employees who have made the leap to the securities industry. Prominent among them are Phil Purcell, chairman and CEO of Morgan Stanley Dean Witter and Larry Linden, a partner at Goldman Sachs.
  • The fans love them both. Weill, the deal maker, is adored by Travelers' employees who hold big stakes in the company. Meanwhile Reed has kept his iron grip on Citibank by juggling his managers and mastering detail. The culture of the two companies is as different as the style of their CEOs. But the combination could be spectacular - if they can make it work. Peter Lee takes in the show.
  • Richard Strang has spent almost all his 20-year City career at Morgan Grenfell (latterly Deutsche Morgan Grenfell), and appears, in demeanour at least, a very English banker. A tall, commanding presence, opera-loving Strang is known for his intense loyalty to his clients, for his unusual capacity for hard work and for tempering his politeness with determined persistence.