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  • 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.
  • In a time of fierce competition partly prompted by technological change, commercial banks are struggling hard to make decent margins from traditional business. Diversification into investment banking and derivatives trading has led to as many failures as successes. Suzanne Miller reports on alternative views on how the banks might turn an honest penny.
  • The tough route to quality
  • 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.
  • Corporate-finance teams are preparing for some late nights in Bangkok as they try to sort out the mess surrounding Thailand's corporate Eurobond issuers. In a movement akin to plate spinning, bankers are working on delicate negotiations over existing defaults while keeping an eye out for the next hapless issuer about to hit the floor.
  • Developers used to put up offices for banks on a speculative basis. Now banks' requirements have become too specialized for this to work. In the late 1990s building boom in London, the trend is for the major houses to design their own. Philip Eade reports on the many projects underway.
  • In Turkey business patriarchs never die, they simply fade away. In the wings their sons - rarely their daughters - prepare to take over, whether they're entrepreneurially inclined or not. But family-owned business heads are increasingly realizing that survival will depend on more formal structures. A few are even putting them in place. Metin Munir reports
  • "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
  • Akira Watanabe was the pioneer of derivatives in Japan and founded many of Mitsubishi's investment-banking activities. Now he aims to double the size of Tokyo-Mitsubishi International within the next three years and challenge Nomura International's supremacy among Japan's global investment banks.