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  • Issuer: Optimum Finance
  • LEBANON
  • Do you expect there to be further consolidation in the world banking industry ?
  • Retail banking is undergoing dramatic change. New delivery mechanisms such as the internet and aggressive new competitors such as supermarkets will eat into the easy profits previously enjoyed by retail banks. Can the big banks see off the threats? Rebecca Bream reports.
  • MOROCCO
  • When president Ernesto Zedillo appointed his finance secretary, Guillermo Ortiz, to head the central bank for the next six years, tongues wagged. In Mexico, political pundits speculated endlessly about the reasons Zedillo would overlook the most obvious choice for the position, the eminently qualified central bank vice governor Francisco Gill Diaz, and sacrifice the most vital member of his cabinet.
  • Brazil's investment banks are engaged in their own distribution build-up a mini-version of the Morgan Stanley Dean Witter and Salomon Smith Barney megamergers in the US. Banco Bozano Simonsen has purchased the retail bank Meridional in a privatization auction and Banco Pactual has bought Sistema, a Sao Paulo commercial bank which ran into trouble. Both banks say they are looking to make further purchases.
  • A few decades from now, a loan syndication desk will come up with a novel way of conducting its business: it will print and distribute documents on paper. Clients will be impressed with this innovative approach. They will point to improved efficiency, potential cost savings, as well as the exotic feel of paper on flesh. A few of the market's more aged participants will have a sense of déjà vu.
  • The tough route to quality
  • The tough route to quality
  • The tough route to quality