Euromoney July 1998
Was Goldman sleeping, did its client just not listen,
or was Energy Group simply too clever? After a year of dithering, PacifiCorp let its UK target slip into Texan hands. The only thing that didn't fall through the cracks was the fees for Goldman and the other investment banks. Antony Currie reports.
Euromoney July 1998
What will futures exchanges be like in the next
millennium? As electronic markets bring end-users ever closer, will we need them at all? Exchanges could eventually be replaced by giant clearing houses. But traditionalists say there will always be a demand for the intensity of the trading pit, and none argue with more passion than Pat Catania. David Shirreff reports.
Euromoney July 1998
The tequila crisis, Asian fallout, money laundering charges - Mexican bankers walk a tortured road. Nor is there any sign of reprieve. Fobaproa, the vehicle that bailed out the country's banks, is about to undergo a public audit. The political opposition is demanding blood for what they see as the mishandling of the crisis. Bankers are again in the firing line. Brian Caplen reports.
Euromoney July 1998
The biggest money-laundering investigation ever carried out by the US authorities cast its net wide. Operation Casablanca uncovered trails in Colombia, Mexico and Venezuela and indicted some highly respectable banks. Some have now launched internal investigations into what went wrong. But how much are banks to blame when money laundering goes on under their roofs? Michelle Celarier reports.
Euromoney July 1998
Latin America is an unlikely safe haven. But as Asia melts down, the region's new foreign invaders are thankful that they spent their billions there. The acquisitions should be good for the local markets too. Jules Stewart reports.
Euromoney July 1998
The savage drop in oil prices and a populist presidential candidate have given investors in Venezuela the jitters. But, as Bill Hieronymus reports, the scaremongering might just be going too far.
Euromoney July 1998
The leveraged buy-out market in Europe has doubled every year since the mid-1990s. Some market participants doubt that resources and expertise are sufficient to maintain this heady pace. Nevertheless business should continue booming as European monetary union takes effect and US firms are beginning to take an interest. Rebecca Bream reports.
Euromoney July 1998
As the largest and most sophisticated capital market, the US remains the breeding ground for new products. Borrowers are demanding ever more flexible approaches to capital raising. A new wave of hybrid securities is emerging. James Rutter reports.