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  • 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.
  • When president Ernesto Zedillo appointed his finance secretary, Guillermo Ortiz, to head the central bank for the next six years, tongues wagged. In Mexico, political pundits speculated endlessly about the reasons Zedillo would overlook the most obvious choice for the position, the eminently qualified central bank vice governor Francisco Gill Diaz, and sacrifice the most vital member of his cabinet.
  • The tough route to quality
  • "Its a lose-lose situation," says an employee at capital-market brokers Euro Brokers when asked about former colleague Cindy Buggins. "If I say something good, I'm helping competitors. If it's bad it looks like sour grapes."
  • Dynamic exporters, versatile deal-makers, innovative marketers, Turkey has some impressive smaller companies. But they are starved of capital. With interest rates crippling and maturities short, they have financed growth from reserves. Now, as their need for capital grows, they need new options. Metin Munir reports on the problems and opportunities of Turkey's corporate sector, profiles some of its most promising companies and meets the men who want to finance its growth
  • 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.
  • The tough route to quality
  • First he sat in the back seat, then he had his foot on the brake, now he's got one hand on the steering wheel! Is there no end to the risk manager's advancement into every aspect of risk-taking in a financial firm? Next he'll be right there in the driving seat, with traders, salesmen, corporate financiers and chief financial officers doing his bidding. So, is the risk manager turning into something else? By David Shirreff
  • After the fun - the real challenge
  • Battling to join the elite: Poll of polls
  • Battling to join the elite: Poll of polls
  • Wanted: swap dealers to work for department seven of the federal finance ministry in Bonn. Why? Because in November, the budget committee voted to allow the government to write interest rate swaps on its debt.