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  • For bond market participants the European single currency will be as good as implemented once they know in May which countries are included and at what rate. Sovereign and supranational borrowers have done most to adapt their strategies to the changes; on the whole corporates have been rather sluggish. As market structures, credit research and maybe even a benchmark emerge, it will be time to catch up. James Rutter reports
  • The virtual roundtable
  • Grand Hyatt Hotel,
  • In Turkey business patriarchs never die, they simply fade away. In the wings their sons - rarely their daughters - prepare to take over, whether they're entrepreneurially inclined or not. But family-owned business heads are increasingly realizing that survival will depend on more formal structures. A few are even putting them in place. Metin Munir reports
  • Having spent his entire career at Smith Barney, Steven Black is no stranger to mergers and the blood on the floor they create. He cut his teeth on the 1992 merger of Shearson with Smith Barney, where he headed capital markets. In that position, after the merger, he took the axe to the fixed-income division.
  • Despite the upheaval in Asia, investment bankers expect a near-record number of privatizations and IPOs in Europe and the US this year. By Nigel Dudley
  • Issuer: Optimum Finance
  • Do you expect there to be further consolidation in the world banking industry?
  • The tough route to quality
  • Developers used to put up offices for banks on a speculative basis. Now banks' requirements have become too specialized for this to work. In the late 1990s building boom in London, the trend is for the major houses to design their own. Philip Eade reports on the many projects underway.
  • Corporate-finance teams are preparing for some late nights in Bangkok as they try to sort out the mess surrounding Thailand's corporate Eurobond issuers. In a movement akin to plate spinning, bankers are working on delicate negotiations over existing defaults while keeping an eye out for the next hapless issuer about to hit the floor.
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