Euromoney : the journal of the world's capital and money markets-Número 369 2000

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Artículos

Publicación: Euromoney : the journal of the world's capital and money markets

Número: Número 369 2000

Tipo: Normal

Derechos: InC

Título	Autor	Páginas
Citigroup's confused chemistry : Citibank and Travelers Group merged primarily to create a retail financial superpower
Where the rubber meets the road : how Citi and Solly stumbled on a winning formula : integrating loans and bonds
Fear and loathing on Cheapside : blue-bloobed Schroders is a mid-sized plyer in a business more suited to the bulge bracket or specialist boutiques, Richard Broadbent triel to shake Schroders out of its slumber
In searchh of a renaissance : Viennese markets have lost volume since the euro came in, domestic securities are unfashionable when investors can choose continent-wide, but Austria's brokers haven't despaired, they're working on a couple of niches
How we learned to love event risk : four top fund managers discuss the lessons of the first years in euro corporate debt, in 2000 bondholders must think harder about how M&A trend affect them
Nouvelle et supérieure : the french parliament copied Germany's Pfandbrief law, and now French issuers are launching their obligations fonciéres
Dividing while still maintaining full control : major companies in Holland are under pressure to restructure, instead of spinning off noncore businesses, some have taken a liking to equity carve-outs
Turn over at the top : which investment baks have the most global strength? our polling reveals Deutsche Bank as the new all-round champion, top Wall Street firms get better scores for advisory, but Deutsche beats them hands-down at trading
Funds that are flying : the Pole's latest financial achievement is tackling the demographica time bomb, international funds are scrambling to compete in the new private pensions market
Elektrim pulls off a suprise : conglomerate Elecktrim has given foreign investors a turbulent ride, it focused on telephony, but fell out with Deutsche Telecom
Living with a lie : primises of banking restructuring are a sham, economic reform is in limbo until new president is elected
A rare success from the CIS : the vast central Asian republic has successfully tapped the Eurobond market and paid back maturing international debts, it hopes to spread the news of economic recovery
The great Euroyen recovery : the Euroyen market looked in long-term decline, in 1998 it was almost comatose, but in the autumn, supranationals like the IDB triggered a riot for paper
Europe's battle of the bulge : in 2000 Europe will be the main battleground for the fixed-income industry, corporate bond issuance already rivals the US market
Bonding on the Internet : investment banks have been selling bond issues on the web to show how e-conscious they are, but the online revolution will go a lot further
Transparency or skulduggery? : an argument is raging in Europe abuout how to run bond deals, many US banks want a pot system, arguing that transparency makes for better syndication
New frontiers in securitization : the techniques of asset-backed finance are finding more and more applications, the US and Europe are highly inventive marketplaces, What's next on the menu?
We're dediacted followers of fashion : quality issuers are tapping the capital markets less often but in bigger amounts, amid all the liquid benchmarks, have borrowers forgotten the virtue of oppotunism?
The credit picking gets harder : Asian corporates and governments are trying to build up local bond markets, investors in Asia have a wide range of credit stories to pick from, with recovery underway, marcro best on countries will no longer do
There must be a better way : should you sell derivatives as a stand-alone product, or integrate them with underlying cash sales? Derivatives players have tussled with this question since the mid 1980s, they haven't found an elegant answer
Kohlhaussen's big gamble : can this German commercial bank defy history by building a profitable global equities franchise? Commerzbank is claiming early success, though the published results are a smoke-and-mirrors act
Trend-setting and ground-breaking : we profile the boldest, the biggest, the most successful and themost controversial deals of 1999, trail-blazing corporate bonds and loans showed what Europe's new capital markets are capable of
A victory for bureaucrats : veteran banking mogul Antonio Champalimaud once said "everithing is for sale except honour", but the sale of his family empire leaves all sides tainted, Portugal's government undermined an agreed offer by Spain's BSCH
When energy lacks the willpower : Turkey should be among the fast-growing markets on Earth for energy, instead, bureacuratic obstacles and regional geopolitics are holding up ventures
Lessons of McColl's long march : in the US, an ex-marine led a North Carolina bank on an acquisition campaign that created today's Bank of America, for Europeans, banking consolidation is all about building local champions
Europa and her competing bulls : Easdaq, Neuer Markt, Euro.NM, techMARK, Nasdaq International : all want to host tomorrow's corporate giants, bosses from each explain their ambitions
The dealmakers reshaping Europe : the continent's M&A boom proceeds unabated, Who are the specialists putting the megadeals together? we profile top investment bankers working on the liveliest industrial sectors
Goodboy, NatWest : at last, Nat West succumbed to RBS, but why didn't Abbey step in?
The bid that couldn't fail : Vodafone Air Touch conquered Germany's Mannesmann in a do-or-die takeover bid, Mannesmann faile to reach a deal with its white knight, Vivendi, by a whisker
US experts play at global meltdown : the world economy faces collapse... what do you do? decision-market struggle with sovereign defaults, currency runs, market crashes and too much coffee
Tribal warfare in North America : fixed income was Bankers Trust's best business, so why did Deutsche stage a massacre and hire new people from Merril Lynch? tribalism
Berlin tax boffins set the agenda : bureaucrats surprised everybody by saying they'd abolish capital gains tax on corporate crossholding, but corporate Germany isn't holding its breath
No! to the blender: on April 5 Dresdner Bank killed a deal struck a month earlier with Deutsche bank and Allianz
JP Morgan hatches its own future: LabMorgan, an incubator for new e-finance businesses
Asians new economy
Tinkering with the specialist principle: Germanyns mortgage banks are in discussion with the regulators over further revisions to their business charter
Euro-covered bond market: millennum trends?
New issuers search for a niche in the market
Out of the frying pan, into the fire: as eastern Europe seeks to join up, its raw capitalism could be stifled by all the rules and regulations
Once again "the worst is over": the Russian economy has responded positively to Boris Yeltsinns retirement
Foreigners carve up Polandns banks
European Central Bank: still off-centre
First steps in a long trek: Brazilns economy is in surprisingly good shape following las yearns devaluation
Europe de-couples from weak US junk bond market
The kings of credit research in Europe: they were undervalued, underpaid and convered an illiquid market
The old economy is dead, letns bury it: winds of change are blowing through the marbled corridors of Turkish banks
Waiting on the statens delays: the development of banking in Egypt depends heavily on government action
Unnatural selection: professional headhunters might have avoided the farce surrounding the appointment of the IMFns new managing director
The secret of Salt Lake City: e-banking: once branded the internet dullard, Merril Lynch is on the offensive
The puppeteer gets in a tangle: Insurer Allianz has a headache in the wake of the scrapped merger between Deutsche Bank and Dresdner Bank
Deutsche Banksns great victory: Citibank, the stalwart on the foreign exchange survey for 20 years, has been unseated by Deutsche
Baselns big exam: the debate on bank capital, credit valuation, liquidity and risk is heating up
Who rules in Europe?: Deutsche Bank has the biggest market share in Europe and nearly took Dresdner Bankns slice too
Kings of credit and liquidity: the nature of bond trading is changing, with more emphasis on good credit advice and the need to provide liquidity for clients
Pricing proves to be crucial: economies in the Middle East are in good shape for forthcoming bond issues
Banks feel little urge to merge
Treasure chest for capital markets: most financial institutions see the internet as the future for distribution and trading of financial products, mostly for retail
If controls go, will confidence falter?: Malaysia seems to have recovered better from the Asian crisis than some other countries in the region
Know your client - or his boss: hotels and airlines are gearing up for a bumper year of business travel
London should sell at the highest price: European stock exchange
Did underwriters do a good job?: Internet IPOS
A round the clock office for the west: India has become a magnet for foreigners who want a piece of the ligh-tech action in the new economy IT sector
Merger lessons from Spain: Spanish banks are the emerging powerhouses of European banking
Best borrowers of 2000: in a difficult year for borrowers, Fannie Mae has come out on top
Pause for thought: after an active 1999, the European corporate bond market in the past two months has stalled
Markets forgive sovereign sins: sovereign defaulters may soon be allowed back into the international bond markets
Betting on survival: hedge funds are multiplying but getting smaller as they attract traditional investors
Cautious dip into foreign waters: Japanese borrowers
Up against the wall: Pakistanns new military-backed leaders are about to put the country through austerity none of its democrativally elected governments have dared to impose
Banks face second wave of mergers: last year five private-sector banking groups dominated the Portuguese market
Better future after Prodins Italian job
Bankingns global elite
Celtic tiger floored by equity markets: Irelandns Celtic Tiger economy has just notched up another record year of growth
Shakedown in the Isthmus: for years Central Americans have told visitors that their region is grossly over-banked
New market strives to stay ahead: can the SWX new market maintain its position at the front of the pack?
Issuers and buyers queue for IPOs: retail enthusiasm for equities took off in Germany with Deutsche Telekomns first flotation