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  • Saying goodbye can be hard. But for globally focused Dan Tully it took the form of a world tour. The outgoing chairman and chief executive of Merrill Lynch went to New York, Hong Kong, Tokyo and London to meet clients and employees before his retirement this month.
  • "I was 100% an old-timer at Deutsche," says Roman Schmidt. So it surprised everyone when DMG's Frankfurt debt syndicate head announced his departure from the Deutsche twin towers to join BZW.
  • Issuer: Abbey National
  • At least two years after the UK and most other good European states, Germany may finally implement two EU directives that are vital to safer, fairer and more harmonious European finance. Who has gained and who has lost from the delay? David Shirreff reports.
  • It was a fierce contest between rival investment banks with only one winner and no room for the faint-hearted. It wasn't the battle to win the mandate for the next big Eurobond, but the Synergy City Ski-Run in aid of the British Ski Club for the Disabled.
  • Over the past three months Euromoney editor Garry Evans interviewed Ospel for a total of five hours, twice in Ospel's office in Basel and once last month, the day after the bank announced its 1996 results, by video link-up between London and Basel. The full 15,000-word text follows.
  • A declining budget deficit and rising savings have given Hungarian corporates their first chance to launch medium-term domestic bonds. Will any of them follow the lead of Pannon? Henry Copeland reports
  • The quest for Emu market share
  • Following the announcement in February of a merger between Morgan Stanley and Dean Witter, investment bankers have been guessing about the shape of other such deals. Few would have predicted the strategic alliance unveiled in March between Bank of America, the US's third-largest commercial bank, and DE Shaw, a publicity-shy New York-based investment bank, run by computer scientists.
  • Business travel poll 1997: Prestige counts for little
  • Which house in the primary international fixed-income markets is capable of catching and overtaking Merrill Lynch? Goldman Sachs or Morgan Stanley? Certainly Goldman is going like a runaway train this year. Morgan Stanley on the other hand needed a bump-start. How about JP Morgan, the bank with class written all over it?