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  • It finally happened. After lurching from crisis to crisis - muddling through with partial reforms and quick fixes - Russia has finally crashed out of orbit. So who is to blame? Ronan Lyons looks at the key actors in the drama. Who are the seven oligarchs and were they behind the decision to devalue? What was really happening in the governments of Chernomyrdin and Kiriyenko? And what was the role of the IMF and western investors?
  • It's a measure of the turmoil in world markets that not a single bank was at first prepared to supply the forfaiting rates used by Euromoney in its calculation of these country-risk rankings. So fast were things changing that even these usually stable indicators became too volatile. Banks supplied them on request on a day-by-day basis to clients an indication of how difficult trade finance, the lubricant of the real economy, was becoming.
  • Different ways to skin a cat
  • Different ways to skin a cat
  • When Hotman Hutapea, Indonesia's premier bankruptcy advocate, presented his first case to the new commercial court on September 1, he set telephones ringing in bank offices all over town. "Now they believe it," says one senior banker. "They see they'd better do a deal - or else."
  • Latin America 100: The region's biggest banks
  • Ukraine has been pushed to the brink by Russia's financial turmoil and the government's resistance to reform. The treasury bill market needs restructuring or there will be default, equity trading has ground to a standstill, and foreign investors are counting the days until they can get their money out of the country. Theodore Kim reports.
  • Different ways to skin a cat
  • Can the local banks hold on?
  • Different ways to skin a cat
  • What's behind Lehman Brothers' decision to form an executive committee? The news this August that the heads of the major businesses would join chief executive Richard Fuld in a six-member committee came four years after Lehman split from its marriage with American Express Bank. Ostensibly, the team is being set up to formulate strategy.
  • The situation in Russia changes day by day. By the time you read this the country could have a new government, an impeached president and no functioning financial infrastructure. Euromoney's Brian Caplen visited Moscow in mid-September. He found chaos, paranoia and a banking system bleeding to death - fast. He also found a handful of institutions that should survive.