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  • Pulling away from the pack
  • What do Dresdner Bank and the Republic of Romania have in common? Both are trying to enhance their public image, battered by recent reports of high-level infighting and financial impropriety by senior officials.
  • Two years ago, sitting in the traffic jams with their bmws and mobile phones, Bangkok's brokers knew which side their bread was buttered on. Now things are looking pretty grim for erstwhile brokers in the Land of Smiles, with sandwich-making and taxi-driving among the new-found occupations for former employees of the finance and securities companies, 58 of which have had their operations suspended by the Bank of Thailand.
  • It is always with a dubious sense of national pride that you announce your capital city has the most expensive rents in the world. According to a recent survey by international estate agents Knight Frank & Rutley, Seoul now holds the honour.
  • Blue chips are ripe for conversion
  • Making new flexible friends
  • This month Bulgaria starts drafting plans to privatize Bulbank. This is the biggest and best of the six state-owned banks which the pro-market Union of Democratic Forces government slated for privatization when it took power earlier this year. The first to be sold was United Bulgarian Bank in July. Expressbank, Bulgarian Post Bank, Hebrosbank and Commercial Bank Biochim are next in line along with Bulbank. Together they account for some 84% of the banking market.
  • Orphaning BZW
  • Each time a financial institution is bailed out in Brazil it adds to the workload of the art curators at the Banco Central.
  • "I could spend half a million dollars on advertising," says Tony May, the owner of Gemelli, a new restaurant in New York's World Trade Centre. "I'd rather spend it on the customers."
  • The newly formed Financial Services Authority will be the guardian of prudence and good conduct in the UK market, while the Bank of England will take care of liquidity and anything it sees as threatening the stability of the financial system.
  • Investors have warmed to the planned merger between Bayerische Vereinsbank and Bayerische Hypo-Bank because it promises substantial cost reductions. But that's only half the story. Cost-cutting could take years and Albrecht Schmidt's grandiose expansion plans will soon demand ambitious new spending. Worse still, Germany's meticulous corporate law will take months to let the merger through. Can Schmidt keep the shareholders and staff on his side until next autumn? By Laura Covill.