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  • Two bulls in two pens
  • It looks like third time lucky
  • The killer from Manila
  • What's the story with William Watt, the head of niche bond specialist PaineWebber International who is still considered by some to have been "the best floating-rate note trader in the history of the market"? On April 18 there was a terse newsflash saying that Michael O'Hanlon, chief economist and head of research at the firm, was being made head of all fixed income.
  • 1997 Bond Trading Poll: The rise of the continentals
  • 1997 Bond Trading Poll: The rise of the continentals
  • A special report prepared by Bank Austria and Investmentbank Austria
  • Yet another trading scandal came very close to rocking a major financial institution in the City of London recently. This time it was Bankers Trust which had a nasty shock when it discovered that blatant rogue trading was going on in its midst. The perpetrators this time were children from a London secondary school attending a Bankers Trust maths weekend at the University of Warwick.
  • Wall Street is competing with an 800-pound gorilla. That's the label attached to Chase as it wrestles investment banking mandates from traditional players. Even by US standards Chase is noted for being aggressive. And its great strength is the lending capability that helps it win both bond and M&A deals. Will it eventually be king? By Michelle Celarier.
  • The foreign exchange business is entering a period of rapid change. The lack of volatility in the market over the past 12 months has forced the big commercial banks, which have long dominated the business, to close offices and cut staff. In their place, our annual poll reveals, investment banks are winning a larger share of the business. The biggest surprise: Merrill Lynch, which jumps into the top 10 at number three. Antony Currie explains why.
  • When Alan Smith returned to work he took no chances. The former head of Jardine Fleming finished his six months of gardening leave on April 1. Not wanting to look a fool he started a week later.
  • Dresdner Bank's roving diplomat Hansgeorg Hofmann struggled for 18 months to keep Kleinwort Benson intact after its takeover by Dresdner. But rival board members in Frankfurt were forcing a tortuous management structure on fledgling investment bank Dresdner Kleinwort Benson. That led Kleinwort's long-standing chairman Simon Robertson to quit in February. Now the gloves are off, and Dresdner's board, including Hofmann, have turned authoritarian. Expect some bloodshed. By Laura Covill.