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July 2005

Main

Cover story

Santander: The masters of retail banking

Botín: the man and his mission

Getting back to the Abbey habit

Richard Fuld interview: Can Lehman grow and still succeed?

What Citigroup needs to do next

Awards for Excellence

Awards for Excellence 2005

Roundtables

Hedge fund debate: Picking the right hedge fund strategy

Business travel poll

Business travel poll 2005: Travel management faces new tests

Bank atlas

Bank Atlas 2005: The world's largest banks

Editorial

The importance of leadership

Front End

Euromoney delegates hear it first

Germans log on to Löw-cost labour

Frank Partnoy: Allow him to be Frank

Bent on Sydney

Are you here to see Bill or Derek?

Quotes of the Month

Off the Record

Market leaders

Mergers weaken the glue that holds a firm together

Let's have a free market, but not in my back yard

Strong medicine from Dr Evil

Why emerging markets are still emerging

Hedge funds' redeeming features

Sino sirens lure global banks on China odyssey

Debt markets

Corporate bonds: Hybrid corporate debt makes its mark

US debt: ABN Amro keeps its bond spin-off in the family

Inflation bonds: Veolia pushes eurozone corporate linkers

Investment banking: Yet another new dawn for BoA?

Primary markets: Poor summer prospects for new issues

Debt: Market round-up

Structured credit

Securitization: Sovereigns window-dress national finances

Mortgage funding: Europe set for whole loan revolution

Credit derivatives: CDS of ABS myth exposed

Structured Credit: Market round-up

Foreign Exchange

Eurex launches new offensive to win FX futures business

Electronic trading: On-line prime-broking platform expands into Asia

Indices: Dow Jones pioneers first euro index

Forex: Market round-up

Corporate finance

Stock-funded deals change the landscape in cross-border M&A

Banking, Medici style

Morgan Stanley surges ahead for announced deals

Corporate Finance: Market round-up

Equity markets

Primary markets: New issues pick up on warmer summer sentiment

Electronic – but to what effect?

Investment banking: Goldman suffers from over-exposure to hedge funds

Exchanges: More strategic jostling in US equity

Discount brokers: Spurned E*Trade left without a date

Equity: Market round-up

Fund management

Hedge funds: Have convertible arbs bottomed out?

Private banking: AUM and revenues set for a stretch of outperformance

Portfolio rationalization: PVML offers home for orphan equities

Canada: Buy-side limit on foreign stock holdings set to go

Fund Management: Market round-up

Asia Pacific

Equity markets: Bulls all in China's shop

Enter Bank of America: exit Citigroup

China oil major invades US

Japan: Spending at last

India: Buyers fall short of Idea

Hong Kong: Asset sales continue at Hutchison

Asia: Market round-up

Robert Morse: How Citigroup plans to stay number one in Asia

Latin America

Argentina: Sovereign finally closes debt restructuring

JPMorgan launches local-currency benchmark

Venezuela: Chávez tightens financial controls

Latin America: Market round-up

EMEA

Which way for UniCredit/HVB?

Saudi Arabia: CMA set to license brokerages

Ukraine: Political divisions worry investors

Debt capital markets: CIS financials target Asian investors

EMEA: Market round-up

Against the tide

Who do they think they’re kidding?

Flipside

Essen steels itself for a brighter future