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  • Senior executives tremble when McKinsey and Co comes in to examine a bank - its consultants' fixation with the bottom line is legendary. But is there as much myth as substance to the reputation? Michelle Celarier examines the performance of those high-flyers who've left the consultancy to occupy top positions in banking and the McKinsey philosophy they bring with them.
  • The London Metal Exchange, the world's top copper exchange, rode out the drama of Yasuo Hamanaka and Sumitomo's losses. But is it crying out for reform, and is it an efficient means of price discovery? Christopher Spink reports
  • While rising oil prices are easing Saudi Arabia's immediate economic problems - a deep budget deficit and depleted foreign reserves - the country needs to make structural changes, cut spending and create new jobs to reduce its dependence on volatile oil. Norman Peagam looks at the task confronting a new team of western-educated technocrats
  • Twenty-five year veteran of the capital markets Hans-Joerg Rudloff and his 18-month-old investment bank MC Securities have given up their independence. Rumour had it that it was a consequence of disaster for the bank in Russian markets. Looking deeper, though, it seems more like a victory. Steven Irvine reports
  • A special report prepared by Frankfurter Hypothekenbank Centralboden
  • Jean-Claude Komarovsky watches in horror as a severe lapse of taste seizes the Euromarket. There's singing, there's dancing, there's also a bottom line
  • By signing the association agreement with the EU, Morocco has taken another step towards integrating its economy. But will the advantages outweigh the sacrifices? By Philip Eade
  • A special report prepared by J.P. MorganDerivatives in Germany