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Scavengers and scratchers of value

Different ways to skin a cat

Making up the rules in Brazil

Is he Lehman Brothers' most well-born banker? Ajeya Singh will inherit the title 'Raja of Manda' from his father. That will make him quite possibly the world's only investment banking maharajah.

Top 100 Arab Banks: Waiting for the after-shock

Euromoney lost a great mentor and friend on September 1. Vere Harmsworth, the third Viscount Rothermere, died unexpectedly at 73.

Scavengers and scratchers of value

Making up the rules in Brazil

Type of deal: attempted purchase

The market, like nature, is red in tooth and claw. It has no concept of ethics, morality or justice. Its agents are predatory and are concerned mainly with their own survival. They have no thought for the good of the system. That doesn't mean the market is bad or that it doesn't work. It means that present prescriptions for emerging economies do not reflect these realities. Nothing highlights more starkly the inappropriateness of the blind application of free market thinking to emerging markets more than the role of hedge funds. By Simon Brady.

Must the IMF grow in size just to stomach the next bail-out, or should it reinvent itself as a tougher, global rating agency of countries and their banking systems? Such an IMF would not whisper advice into the ear of crony capitalists and then pay off their creditors - it would be a lean, mean agent of transparency and would deal out pain where pain is due. James Smalhout reports.

Brazil long needed a heavyweight in the central bank chair and now it's got one. Gustavo Franco earned his spurs in last October's Asian meltdown. His policy regime, especially the use of capital controls, is being studied around the world. Brian Caplen reports.