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Leveraged syndicated lending has become hotly fought over in the past few years. Investment and commercial banks are keen to make their names in leveraged buy-outs and investment banks - long leaders on the advisory side as well as in bond and equity finance - seem to be closing the gap on commercial banks in senior lending as well. Firms pride themselves on being able to offer "one-stop shopping" - for loans, M&A advisory and bond underwriting - to their clients.

Turkey: Business must come before family

Deals of the Year

Deals of the Year

His punishing schedule was that of a corporate financier rather than a central banker. In five years as head of the Bundesbank's international relations, Helmut Schieber took an average 10 foreign trips a month to attend summits with bankers, finance ministers and regulators. "Yes, it was depressing," says Schieber of the ceaseless round of aircraft seats, chauffeured cars and windowless conference rooms.

To the Big Bang Control Centre in Docklands where Reuters is preparing to convert its 520,000 terminals worldwide to the euro in one fell swoop at 1800GMT on Sunday January 3.

Sicily is famous all over the world for many reasons. Films such as The Godfather and novels such as The Leopard have brought fame to the Italian island, as well as the worldwide criminal organization known as the Mafia. But its name does not crop up very often in the financial news.

Deals of the Year

Deals of the Year

Brazilian telenovelas - the South American equivalent of soap opera - are not noted for their strong take on reality. Fantasy is more their stock in trade.

Last June, India's new finance minister, Yashwant Sinha, promised to speed up privatization and said a majority stake in ailing domestic carrier Indian Airlines would be sold. No finance ministers had yet dared to make a public commitment to privatization; they had all used the more politically correct word - disinvestment. By December, paralysed by a fractious coalition government and his party's drubbing in the regional elections, Sinha had managed to sell only a small stake in a rail-freight company for $53 million. In January, as he prepared this month's budget, he had few options left to plug the large deficit.

Issuer: Grovebase Properties