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  • The Ospel interview
  • Business travel poll 1997: Prestige counts for little
  • 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.
  • Even the hardened souls on Intergalactic's trading floor gasp as JJ swings his wad onto the desk, challenging Ace Iceberg to one of the toughest plays on this planet.
  • "10,000 by 2000!" That's the latest prediction for the millennium opening on the Dow Jones Industrial Average from Ed Yardeni, chief economist at Deutsche Morgan Grenfell (DMG). Yardeni who might be described as the most optimistic man in the world will surely see his prediction tested now that US interest rates have started to rise. If he is proved right, investors worldwide will rejoice except perhaps those in the UK.
  • Has the European Bank for Reconstruction & Development outgrown its usefulness in Hungary, Poland and the Czech Republic? Some financiers believe the EBRD should concentrate on less-advanced countries with less developed capital markets. In Hungary they see it as a rival ­ aggressive and deal-hungry as any merchant bank. David Shirreff reports.
  • Business travel poll 1997: Prestige counts for little
  • The odds are against women scaling the heights in finance. Glass ceilings still exist and tradition favours men when it comes to senior promotions. Despite this a small group of very talented and determined women have triumphed. Euromoney has identified 10 outstanding women and another 40 of notable achievement.
  • Many derivative exchanges have lost touch with what their customers want most. That is liquidity, but also cheap and efficient processing of trades. Ambitious schemes for linking exchanges over time zones haven't brought this, so over-the-counter business is booming. Andy Webb reports.
  • You're a first-time emerging market issuer in the bond market. Banks are desperate to win the mandate for your deal. But you want to make sure it flies. Do you, as Croatia did, put together two lead-managers? Or six leads, as in the forthcoming yankee for the Philippine central bank? No; if you're wise, you do the conventional thing and stick to one bank that you have a long-standing relationship with. Steven Irvine explains why.