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Opinion

Emerging banks: threat of systemic collapse?

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.

January 01, 1998

Opinion

The boom in Doom

If you're impressed with the inexplicably long hours your colleagues have been putting in over the past couple of months, ask them what they've been up to. They may be part of the growing number whiling away the small hours playing computer games such as Doom, a virtual-reality shoot-'em-up game of extreme violence.

January 01, 1998

BANKING

Need for stronger Chinese walls

Velvet costs are piling up

January 01, 1998

BANKING

Power dressing finale

It's often said that Hong Kong moves faster than other places. And staff at Indosuez WI Carr can testify to just how quickly life can change. In the space of a week the firm went from all the bacchanalia associated with a bull market to huge job cuts.

January 01, 1998

Assessing the damage: Uncertain times in the currency markets

The crisis in Asia is changing perceptions about almost every currency, and no-one is certain what will happen next. Suzanne Miller reports on uncertain times in the currency markets.

January 01, 1998

An issuer with an open mind

Issuer: Banque Générale du Luxembourg

January 01, 1998

Three ways to make a mark

Spanish banking is clearly segmented by strategy, domestic banks competing for the retail markets and foreign banks heavily involved in offering services to multinationals and attempting to develop lower-level corporate business. With some privatizations still to be undertaken and rapid development of the equity market at both issuer and investor level there's substantial growth to play for. Margaret Popper reports.

January 01, 1998

Who wants an Indonesian investment bank?

Issuer: PT Makindo

January 01, 1998

BANKING

It's the way he tells them

Reading economic reports can be a chore, even for the committed. So it is hardly surprising that those who write them try to liven them up. Some opt for catchy titles, but at Bankers Trust in London economist Ian Amstead goes that little bit further.

January 01, 1998

Star-gazing in Switzerland

You read it here first. In May 1996 Euromoney quoted a normally well-informed source in Switzerland as follows: "Who do you think has been buying UBS shares for the past few weeks?" Swiss Bank Corporation, he says. "They're already merging, they're doing a dance together." Apparently they had been doing this dance since 1995.

January 01, 1998

Caught with their pants down?

Rating agencies have been strongly criticized for failing to spot the Asian crisis. Investment-grade bonds have been downgraded to junk status - but only after problems have appeared and without much warning. For the first time the agencies are having to justify themselves. Are they as good in Asia as they are in the US? Steven Irvine reports.

January 01, 1998

Pakistan: Problems paying power bills

Pakistan's power privatization programme was once the jewel in the crown of a country whose private sector was generally underdeveloped and poorly performing.

January 01, 1998

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