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Asset Swaps: Can the growth continue?

Asset swaps have grown rapidly in recent years mainly because of banks' excess liquidity and their need for floating-rate assets. But what happens when interest rates rise and banks start to increase lending again? That would either give the asset-swap market a big boost, or kill it - depending on who you ask. Rupert Gordon-Walker reports.

April 01, 1996

Emerging Markets

Failing the Mexico test, Keep your distance, Exposure control, It's tough to be cool.

April 01, 1996

Kerr's people

Hans-Peter Bauer: head of global fixed income and derivatives, UBS, London. Tinny Hasendonckx: head of Euromarket trading- Kredietbank Brussels. Thomas Keller: head of asset/liability management-L-Bank, Germany.

April 01, 1996

East Germany: The Achilles heel of Europe

Why Achilles heel? Because the Bonn government - once the single-minded champion of European economic union - is paralyzed by problems in its own backyard. It has pumped billions of Deutschmarks and man-years of management into its five new Länder, but they show little sign of surviving without life-support. And Germany's slide into recession, in the west and the east, could jeopardize an early move to European economic and monetary union. David Shirreff reports.

April 01, 1996

BANKING

"All human life was in this deal"

Issuer: GPA Amount: $4.05 billion Launched: March 11 Lead manager: Morgan Stanley

April 01, 1996

Nationsbank: Jack of all trades

Charlotte-based Nationsbank is now hot on the heels of Chase/Chemical and those global investment banks in Europe. But is the full-service ideal right for a house that grew by opportunistic acquisition, mostly of distressed or damaged goods? Philip Eade reports.

April 01, 1996

Opinion

Front End: UK beer fund - An unusually liquid investment

Inside London's St Paul's Tavern, Billy Whitbread sups his first pint. He thinks it highly hopped and attenuated - a process whereby you get as much alcohol out of the sugar solution as possible. "It's Gales or Pedigree," he concludes, verging finally on the former, because Pedigree "has more of an effect on my head".

April 01, 1996

BANKING

Investment bank research: Who is pulling the strings?

No-one believes that investment bank research is fully independent. As competition and costs escalate, the pressure on analysts to hawk deals and withhold negative views is intensifying. While some analysts get rich in the new environment, many have quit, and investors have turned to their own and third-party research. Michelle Celarier reports.

April 01, 1996

BULGARIA

A special report prepared by Balkanbank

April 01, 1996

RUSSIA

A special report by ING Bank Eurasia

April 01, 1996

BANKING

Business travel poll 1996: The world's favorite airline, hotel, airport...

The senior executives who read Euromoney are a loyal and conservative group. This magazine's annual business travel poll shows a strong consistency in the executives' decisions on how to travel when they are away on business.

April 01, 1996

GE Capital: GE Capital marches on Europe

GE Capital Services earns 37% of General Electric's profits, so it's anything but strategically insignificant. Right now its generals are engaged in a big push in Europe - it's taken over 34 businesses in two years. The strategy is to revive run-down assets by reshaping them with the company's "non-bank bank" formula. But purchases of traditional banks in eastern Europe are unnerving analysts. Can GECS be as successful with these as with British and French acquisitions? Brian Caplen reports.

April 01, 1996

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