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  • Edited by Brian Caplen
  • Since taking charge of CS First Boston in 1993, Allen Wheat has done much to improve the firm's profitability. The payoff for employees was supposed to be a fairer allocation of bonuses. Many bond traders felt it didn't work that way this year and some left in disgust, making odious comparisons between their own thinner pay checks and those of supposedly key employees. Peter Lee reports
  • A change in US accounting standards has simplified the behind-the-scenes negotiations in global exempt offerings. By Christopher Stoakes
  • PETER LEE & STEVEN IRVINE
  • Did Nikolaus Senn, chairman of the embattled Union Bank of Switzerland, seize a merger proposal from CS chairman Rainer Gut and use it as a crude weapon against his bitterest enemy and major shareholder Martin Ebner? Here's the story whose climax a third of all Zurich inhabitants watched on television. But will it have a happy ending? And who pairs off with whom? David Shirreff reports
  • It's a good time to be a Eurobond trader. European banks such as Deutsche Morgan Grenfell and SBC Warburg are beefing up their trading rooms and are prepared to double or treble the earnings of top traders to bring them on board. But just how talented are the traders jumping ship for such high sums? Ronan Lyons reports.
  • The Maxwell and Baring scandals turned the spotlight on the relative freedoms enjoyed in the UK by global custodians. Now tighter regulation is in prospect, heralding a further contraction in the industry as compliance costs bite. Nick Kochan reports
  • A special report by ING Bank Eurasia
  • Mortgages issued in 1994 and 1995 are showing higher rates of default than anyone had previously suspected.
  • Economic policy: a casualty of party politics? The ideological, personal and political battles between Turkey's new government coalition partners could damage economic management. Metin Munir reports.
  • A special report prepared by Merita Bank