For family and the state

Shielded from the full force of international competition, suckled by a government with a voracious appetite for debt, banking in Turkey has long been a very profitable business.

Another fine mess at UBS

When Meriwether invited Union Bank of Switzerland to eat a special dish with him at high table, it seemed too good to be true.

Targeting the family firm

September's successful flotation of wine producer Federico Paternina reflects the IPO potential for family-owned companies in Spain.

The cutting edge of credit

Credit analysis based on equity prices is the basis of models built by KMV Corporation to log expected default frequencies (EDFs) for single companies and credit portfolios.

Ways to recover

While taking flak over job losses and cost-cutting, senior bankers claim their measures will provide shape for future growth.