Austria: On the trail of the Habsburgs

In a period of mega bank mergers, how can smaller players compete? Through unparalleled regional expertise, say Austria's three leading financial institutions.

The end of Jardine Fleming

The Asian crisis, globalization and John Manser's desire for order have all conspired to end the independence of Hong Kong's last serious investment bank.

Turning Russian debt into equity

Robert Sexton of Salans Hertzfeld & Heilbronn, Paris, explains how debt-equity swaps could help foreign creditors seeking recovery of Russian loans given the precedent of the US junk bond crisis