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February 2005

Main

Cover story

US exchanges retool for consolidation

Sovereign debt

Obstacles to altruism

Private banking

Search for growth fuels urge to merge

Debt markets

New Year gets off to a fiery start

Deals of the year

Deals of the year 2004: Innovation feeds yield-hungry buyers

Opinion

Why value at risk holds its own

Western Europe

North of the border, down Mexico way

Equity markets

Private-equity firms take centre stage

Emerging Europe

The start of a painful journey

Islamic finance

Islamic finance awards 2005: A year of expansion and innovation

Poll of Polls

Poll of polls 2005: Citigroup tops a year's worth of polls

Editorial

Public benevolence, private parsimony

Streetwise

Streetwise: A market fix for Social Security

Front End

A new wave of Bond liquidity

Play it again, Cynthia

York stadium funding takes the biscuit

Life’s so short, says Reg XXX

You will be amused by its presumption

Houses that are built on rock

Breakingviews

Food for thought on a Sainsbury buyout

When tech company mergers make sense

Long-distance tax-loss calls

Why the biotechs outpace big pharma

Market Monitor

The end of the Wolfensohn era

Small caps just keep on winning

Inflation-linked debt issues to rise

E-FX takes another step forward

Time for one last throw of the dice

Euro carbon trading graduates to cash settlement

Emerging markets

A return to the markets

Bancolombia aims higher

Sibling rivalry prompt rumours of a Reliance split

Local currency plays draw investors

Against the tide

Europe gets to grips with the work ethic

Financial Lawyer

Foreign companies seek ways to avoid US registration

People

Bryant Edwards

Mladjan Dinkic