May 1996
| Euromoney May 1996 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 |
Euromoney May 1996
Asia's capital markets are springing into life. With the era of cheap finance over, growth depends on the efficient channelling of savings into investment. When this is achieved, the Asian manufacturing tigers will underpin a vast, regionally integrated financial market. But with governments trying to protect many different interest groups, expect bears to join the bulls of the new financial era. Brian Caplen reports
Euromoney May 1996
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
Euromoney May 1996
As bond markets develop in emerging economies, local rating agencies have sprung up, often at the bidding of the regulators. But investors remain sceptical about their objectivity, and the big two - S&P and Moody's - look set to defeat the newcomers. Ronan Lyons reports on differing approaches to similar goals
Euromoney May 1996
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
Euromoney May 1996
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
Euromoney May 1996
Bahrain's reputation as the pre-eminent financial centre on the Arabian Gulf is being challenged by the threat of civil unrest, a domestic sector which is overbanked and foreign banks questioning their need for a presence in the region. But local and regional opportunities arising from privatization programmes and economic restructuring offer banks a way forward. By Nigel Dudley
Euromoney May 1996
Luxembourg was in at the start of European unity and
is as committed to it as ever. But the things that have made the
Grand Duchy great - tax advantages, strict banking secrecy, the
Luxfranc bond market and the absence of minimum bank reserve
requirements - look likely to be swept away by the tide of EU
harmonization. Philip Eade reports on Luxembourgeois bankers'
bullishness in the face of adversity
Euromoney May 1996
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
Euromoney May 1996
Newly-appointed global foreign exchange chief, Guy Whittaker, fell silent when Euromoney informed him that the new Chase had topped our annual foreign exchange poll. He simply asked how we put the results together, and took a sip of water.
Euromoney May 1996
The combination of Chase and Chemical always held the prospect of creating a foreign-exchange giant able to challenge Citibank's number-one position. But for the former Chemical managers - who dominate the new operation - the tough challenge will be to integrate the two banks' very different styles: can the old Chase's customer-oriented salesmen pedal at the same speed as Chemical's traders? By Steven Irvine
Euromoney May 1996
Euromoney took a good look at the past three years' country risk rankings to see how the world has changed. Lebanon is the most improved country and transition Europe is rising fast. Charles Piggott and Felix Salmon report.
Euromoney May 1996
Singalong Citibank; adventurous Chase; a boating banker. Edited by Steven Irvine.
Euromoney May 1996
Edited by Peter Lee
Euromoney May 1996
PETER LEE & STEVEN IRVINE
Euromoney May 1996
Edited by Brian Caplen
Euromoney May 1996
George Cornelissen; Michael Phair; Anders Bergendahl
Euromoney May 1996
My optimism depends on the EU's single market surviving the demise of Emu.
Euromoney May 1996
Jean-Claude Komarovsky hears a mating call in the high Alps and meets an old friend from California.
Euromoney May 1996
A change in US accounting standards has simplified the behind-the-scenes negotiations in global exempt offerings. By Christopher Stoakes
Euromoney May 1996
Grand Hotel Baur au Lac, Zurich, Switzerland
Euromoney May 1996
Big ambitions for smaller companies
Euromoney May 1996
Swings and round-a-bahts
Euromoney May 1996
Scratching around for good deals
Euromoney May 1996
IDB answers back
Euromoney May 1996
Belgium's economic plans rest on successful entry into European monetary union. It's well on its way - but it doesn't meet Maastricht's debt criteria. Laura Covill reports.
Euromoney May 1996
The shake-out in world bond prices that started at the end of January this year has masked the widely differing performances from the main government bond markets. While the brunt of the selling has been borne by the US and some other dollar block countries – notably Australia and New Zealand – a number of European bond markets have recovered all or most of their initial falls.