Bondholders won't back new principles

Top bankers' talking shop the Institute of International Finance and the G-20 group of sovereign borrowers have proudly unveiled a new set of principles for orderly restructuring of sovereign debt.

Investing off the beaten track

From unlikely roots, US private-equity investor Lombard has deftly re-invented itself to emerge as a leading local value investor in Asia.

White shoe seeks blue blood

Will Cazenove's blue-blood culture and exclusive corporate clientele be under threat in its joint venture with JPMorgan? Rivals would like to think so but the two parties are aware of how crucial these features are.

What price global warming?

Banks and exchanges are working to expand their commodity-based products to capture new opportunities that will arise from the burgeoning European carbon dioxide emissions trading scheme.