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BANKING

CSFB/BZW: An everyday tale of banking folk

Credit Suisse First Boston's acquisition of BZW's equities and corporate advisory divisions at the start of the year was a quite coup for the Swiss bank (and cheap at twice the price the bank paid £100 million). At a stroke, the Swiss bank had suddenly become one of the top equity brokers in the UK, ranking second so far, up from 15th last year.

October 01, 1998

European Brokers Poll: Overall European results

Striking out for the sectors

October 01, 1998

BANKING

Daimler and S&P in head-on collision

Now we have entered the era of globalized markets, the potential for regulators, investors and companies to clash over national classification is huge. Take the case of the merging automobile firms Daimler and Chrysler versus the Standard&Poor's 500 index, which tracks the stock prices of the biggest US corporates.

October 01, 1998

Sigma triggers global meltdown

Six months into European monetary union there's a crisis, but this has little to do with the euro. It's a classic banking fiasco kicked off because too many people believed in one man's Big Idea. Sound familiar? David Shirreff reports.

October 01, 1998

Securitization: Will NatWest's deal backfire?

Britain's leading corporate banker needs a drastic solution to the problem of low margins. Rolling up 200 of the best loans and selling them as bonds is certainly that. But it has invoked a ferocious response from corporate treasurers and competitors. Brian Caplen reports on the controversy surrounding the deal

October 01, 1998

Finland: Single currency, double whammy

Finland's membership of the EU's exchange rate mechanism looks imminent and the country will be well placed to join monetary union. But Finnish banks, just coming out of recession, will need to cut costs and probably merge to keep their heads above water in the new, more competitive environment. John McGrath reports

October 01, 1998

BANKING

John Meriwether, Founding partner, Long-Term Capital Management

John Meriwether, whose hedge fund Long-Term Capital Management (LTCM) came so spectacularly unstuck last month, is celebrated for an almost bizarre ability to remain calm in the face of huge risk. His quiet, intensely private demeanour has long belied an almost obsessive hunger for ever bigger positions. "If you feel good about the market," he would tell young traders at Salomon Brothers in the 1980s, "then get serious."

October 01, 1998

BANKING

ABN Amro/Alfred Berg: Nordic power with a global reach

Two approaches to expansion

October 01, 1998

Christopher Mackenzie, Partner and head of European operations, Clayton, Dubilier & Rice

A well-trodden path leads from Eton College through Oxford University to the City of London. Christopher Mackenzie followed it, adding McKinsey, JP Morgan and Schroders. That conjures up a picture of institutional orthodoxy, but Mackenzie says he has always felt somewhat outside the formidable British establishment.

October 01, 1998

Life, but not as we know it

Meet some of the world's biggest investors. The 10 largest Japanese life insurance companies control assets of more than $1 trillion. But with a protected market and no shareholders to answer to, they have always done things a little differently to the rest of us. Now as insolvency fears and foreign competition grow, that is starting to change. Jack Lowenstein reports.

October 01, 1998

Bill Harrison: A man in a hurry

Bill Harrison is not the most orthodox chief executive you will come across in the City. The new boss at BZW speaks with a strong Birmingham accent and refers to telephoning people as "giving them a bell".

October 01, 1998

BANKING

Scott Cohen and Jaideep Krishna, CERBERUS

Scavengers and scratchers of value

September 01, 1998

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