Naughty Germans

At least two years after the UK and most other good European states, Germany may finally implement two EU directives that are vital to safer, fairer and more harmonious European finance.

Business travel poll 1997: Prestige counts for little

Ideal location or in-room modems, seat size or frequent-flier programmes: what do business travellers value highest in their trips around the world? Garry Marchant pins down the priorities of some top businessmen and asks which hotels and airlines measure up best to their demands.

Overvalued derivatives: Smile and dial

Banks putting the wrong value on out-of-the-money options isn't a new phenomenon, but today's fat bonuses and fiercely competitive markets lead us into temptation, says David Clark.

Just another game of Asshole's Roulette

Even the hardened souls on Intergalactic's trading floor gasp as JJ swings his wad onto the desk, challenging Ace Iceberg to one of the toughest plays on this planet.

EBRD: European Bank for Rip-off Deals?

Has the European Bank for Reconstruction & Development outgrown its usefulness in Hungary, Poland and the Czech Republic? Some financiers believe the EBRD should concentrate on less-advanced countries with less developed capital markets.

Emu: Jeux sans frontières

If the EU's single currency begins on schedule in 1999, further breaking down national boundaries, France's capital markets will be a major contender for a central role, squaring up to Germany in the fight for benchmark status.

The bug hunters cash in

Even the bugs in derivatives software can make you money if they're in a rival's system and you indulge in "version arbitrage".

Yanks in, Brits out

It was billed as Germans versus Brits: dull types from Deutsche clashing with wild City traders.

Moving out, moving up

Why stay in Manhattan when taxes are lower and quality of life higher in nearby Greenwich? Financial institutions are overcoming their psychological bond with New York City and flooding into this leafy, wealthy suburb.

Growth on a firm basis

Latin American bank earnings will expand faster than the region's expected 5% annual GDP growth.

Model goes astray

Investors have piled into Czech koruna Eurobonds since they were first issued last year.