Search results for

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

Singalong Citibank; adventurous Chase; a boating banker. Edited by Steven Irvine.

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.

A few have already. For inter-dealer brokers, the expansion of electronic dealing and a hiccup in derivatives activity have, at best, necessitated refocusing and downsizing. Only those with special expertise and those that dominate a niche will emerge stronger from the changes. Stephanie Cooke reports

George Cornelissen; Michael Phair; Anders Bergendahl

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

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 special report by Euromoney

A special report prepared by the GiroCredit Bank Group

Having arrived from Merrill Lynch four years ago to join a "European bank", she was said to be upset by her feeling of déjà vu.

The banking sector has been at the leading edge of economic reforms throughout the economies of central Europe. For most of the more developed markets, striving to join the European Union has given them a focus to get their banking sectors in order, and fast. The majority of countries in the region have created sound legislative frameworks based on international banking principles and double-tier banking systems around the core of a broadly independent central bank. However, the hard work is by no means over. The difficult task has been to make sure that the banks that have been created are able to survive and operate according to commercial principles and, ultimately, to stand on their own feet.

A special report by Euromoney