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Banking

Volatility on the slopes

It was a fierce contest between rival investment banks with only one winner and no room for the faint-hearted. It wasn't the battle to win the mandate for the next big Eurobond, but the Synergy City Ski-Run in aid of the British Ski Club for the Disabled.

In an otherwise fantastic weekend of skiing, the only letdown was the dominance of the Schroders team, which picked up four of the six trophies. Mercury Asset Management came close with the top female skier, Lucinda Kingsley, but her male team-mates lost valuable points by crashing, giving their team name Mad About Moguls extra meaning.

One of the Schroders team improved his time by two seconds after receiving treatment on his knee from a passing lady doctor, but then lost pace on the slalom course when he spotted a woman in a bright yellow bikini-top. What else could you expect of one of the aptly named Schroders Sharks? Other commendable performances came from Liffe on the Piste and the Three Billy Goats Gruff of Standard & Poor's.

Glamour was provided by such celebrities as ex-model Heather Mills and Martin "King of the Mountain" Bell, a top UK skier, who had the last word: "Have a nice year in your offices," he enthused as the coach left.

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