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  • A special report prepared by Frankfurter Hypothekenbank Centralboden
  • Foreign banks were attracted to Portugal by the infrastructure and privatization boom of the mid-1980s. Now they are finding the going much tougher. The battle to lend to large corporates has reached fever pitch and margins are so eroded that some players are having doubts about their future in the country. Nick Kochan reports
  • Edited by Brian Caplen
  • Country Rankings
  • In their desire to expand in Asia, US investment banks have little choice but to get into bed with local partners. The most dramatic of the relationships so far forged has been Morgan Stanley's pioneering joint venture with the People's Bank of China. Will it blossom into a lasting and profitable marriage or will cultural clashes turn the partners against each other? Tony Shale reports
  • Large-scale mergers and the decision by Japan's Sumitomo Bank to bitethe bullet over provisioning have brought about the major changes in thisyear's rankings. The new Chase has rocketed to ninth position while Sumitomohas fallen from first to sixth. Antony Currie reports.
  • So far 13 banks and investment banks have created top-rated derivatives subsidiaries. In theory such a sub won't go bust, even if the bank does. The banks claim this makes them acceptable as triple-A counterparties for derivatives transactions with the world's most select clients. But how accepted are they? And what nasty shocks lurk in the small print when the going gets rough? David Shirreff investigates
  • Why the Euro will be a strong currency May 1996
  • IDB answers back
  • Swings and round-a-bahts
  • Big ambitions for smaller companies