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BANKING

Roundtable - Rolf Breuer, spokesman of the board of managing directors, Deutsche Bank

The virtual roundtable

February 01, 1998

Learning to love shareholders

France has long maintained a proprietorial attitude towards its national treasures, including both financial institutions and the French language. But now, though the Académie Française rejects the use of such imported terms, corporate governance and shareholder value are becoming common currency. Some banks are even putting the ideas into practice. Tess Read reports.

February 01, 1998

BANKING

Left out in the cold

Not a good start to the year for investment banks in eastern Europe. The advisory role for the $1 billion sell-off of most of Bulgaria's petrochemicals industry was up for grabs.

February 01, 1998

The battle for the high street

Retail banking is undergoing dramatic change. New delivery mechanisms such as the internet and aggressive new competitors such as supermarkets will eat into the easy profits previously enjoyed by retail banks. Can the big banks see off the threats? Rebecca Bream reports.

February 01, 1998

An even brighter future

There can be few industries that have changed as much this decade as banking. And there will be few that will change as much over the next decade.

February 01, 1998

BANKING

Giving as good as they get

Bankers are a competitive bunch, though competing to give money away seems an unusual form of behaviour.

February 01, 1998

BANKING

Worth every penny?

Salaries and bonuses paid to workers in the City of London are unfair and unjustified. At least according to the majority present at the Futures and Options Association's third City debate, held last month.

February 01, 1998

BANKING

Playing for high stakes

It's boom time in Europe's private-equity business. But what if your client is so far behind the times that the term leveraged buy-out leaves a blank look on his face and he thinks high-yield bonds are a reference to 007's success rate with the ladies?

February 01, 1998

US banks dare to cross cultures

BankAmerica, Bankers Trust and NationsBank, each bought a specialist West Coast equity house last year. Integration proceeds apace with the predicted clash of cultures. Cross-selling of products is a controversial issue as are compensation systems. Even office environments are a total contrast. Says one investment banker: "Nothing has really changed here. That's the way people like it." It may be 10 years before we can judge these mergers' success or failure. By Michelle Celarier.

February 01, 1998

BANKING

New Age Accountant is Brain of the Year

Leif Edvinsson, Skandia's vice president and corporate director of intellectual capital has won this year's Brain Trust Brain of the Year Award for his "new age" accounting methods. As world's leading expert on intellectual capital he managed to beat Bill Gates and Paul McCartney to the honour, which the Brain Trust describes as recognition of "superlative mental achievement".

February 01, 1998

Trading losses: How to cover a black hole

It's every risk manager's worst nightmare. One trader amasses enough losses to bring the bank down, as Nick Leeson did with Barings, or forces a wholesale retrenchment, as happened at NatWest Markets following the discovery of Kyriacos Papouis's mispricings.

February 01, 1998

The taming of Creditanstalt

A year after Bank Austria's deal to take over Creditanstalt, Gerhard Randa has cut the acquisition down to size. No more treasury, no more stand-alone overseas banking. Rump Creditanstalt is a domestic bank that will live or die on somewhat hollow competition. As David Shirreff reports, it's all rather a comedown for this once very blue-blooded bank.

February 01, 1998

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