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  • 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.
  • For several weeks following the collapse in Asian financial markets in October, emerging market borrowers from around the world were, with a few minor exceptions, shut out of the primary debt markets. But frequent issuers can stay out of the markets for only so long.
  • Battling to join the elite: Poll of polls
  • Battling to join the elite: Poll of polls
  • Battling to join the elite: Poll of polls
  • There may still be 10 months before the euro is officially born, but in the international debt markets there is already a glut of euro activity. As Thomas Keller, treasurer at Landeskreditbank Baden-Württemberg (L-Bank), emphatically puts it: "The euro is coming."
  • The spin-off has been heralded as the tool of the future - the means to prepare sprawling European companies for the next century. But is it as successful as investment bankers and their clients would have us believe? Not according to Paul Gibbs, an equity analyst at JP Morgan in London.
  • Economic growth in several major east Asian, Latin American and eastern European economies will halt in 1998. Emerging market banks' $550 billion of non-performing loans (probably well above $600 billion if unofficial estimates are correct) may cause a rash of failures ­ or even systemic financial crisis in some countries. Korea, China and Slovakia are among the most vulnerable.
  • Euromoney's definitive annual guide to winners and losers in the world's capital markets charts the struggle to join the select group of top-flight firms. But a number of banks have failed to boost their position through acquisitions, and some of the most improved firms are those that have grown organically. A synthesis of all the polls run in the magazine in 1997, the poll evaluates underwriting, trading and advisory activities over the past year. By Rebecca Dobson.