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  • "You may ask what there is to celebrate," said Hans Van Beeck to a decent-sized crowd of clients at Société Générale’s Beaujolais Nouveau party in Tokyo on October 20. Referring to the markets’ gloomy mood, Van Beeck, chief country officer for the French bank’s securities operation in Japan, suggested that the young wine might stand as "a symbol of nature’s ability to rejuvenate itself" and thus lift his guests’ spirits, if only temporarily.
  • Among the delegates at the 2008 Felaban conference in Panama City were two senior members of the fixed-income department at Santander, named best bank in Euromoney’s 2008 Awards for Excellence in July. The Spanish bank sent Dan Vallimarescu (head of DCM) and Erik Deiden (senior VP) to the conference but unfortunately managed to book their trip so late that the best hotels available were not exactly Panama’s finest.
  • At a town hall meeting in New York on November 17, embattled Citi chief executive Vikram Pandit felt compelled to spell out the basics of banking to his assembled troops.
  • Don’t shed a tear for government authorities working overtime to sort out the financial crisis. The dire situation is playing into their hands by not only increasing their influence but also helping to solve one of their own long-running challenges – how to attract top talent on the cheap.
  • Investors’ fears about the limitations of the debt capital markets have reached extreme levels of late. A UK treasurer recently told Euromoney about an incident his firm experienced earlier this year.
  • "Fees are way up... I mean, risk is being more appropriately priced"
  • "The issue has gone unanswered for years. What is going on is simple stealing. We don’t need new laws against this, we already have them. If the Fed won’t step in, then the Department of Justice has to"
  • The global financial crisis has taken hold in the region, leading to a drastic slowdown in traditional capital-raising. With job cuts expected soon, investment bankers are working hard to meet nervous clients’ needs and perhaps simultaneously save their own jobs. Lawrence White reports.
  • Even though it is now under pressure from the global financial crisis, Brazil can look back on 2008 as a relatively good year, with growth close to target, and look forward from a position of strength, sustained by high forex reserves and a sound policy environment. Laurence Neville reports.
  • Access to debt refinance has all but dried up for corporate treasurers. Those expecting tier back-up loan facilities to bail them out could be in for a nasty surprise. Alex Chambers looks at how companies can survive the liquidity crisis.
  • Size will matter in Islamic banking