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Newsmakers : “The Treasury and Justice Departments have fallen nearly a year behind in developing a plan to fight money laundering and terrorist financing.”

SWITZERLAND, GERMANY, UNITED STATES LOSING THE WAR ON TERRORIST FINANCING Bank secrecy is on the rise in Europe, while the...

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Cover Story : How Low Can You Go?

As regulators and tax collection authorities clamp down on corporate and individual tax abuse, business leaders are finding it harder...

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Features : Custodians Grasp New Opportunities

Some of the worlds leading experts on global custody met in New York recently to discuss the challenges facing their...

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Features : Rising Stock Markets and Rule Reforms Give Pensions a Lift — For Now

Surging stock markets and some long-awaited rule changes are making the United States underfunded pension funds look healthier. But the...

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Features : Trading Up

Letters of credit and open account trading have long been staples of what banks do. Now theyre eyeing up trade...

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Milestones : Banks Start Cleaning Up Balance Sheets By Selling Bad Loans

CHINA A resolution will return Argentina to the financial community and cut its debt-to-GDP ratio to 90% from 150%. making...

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Milestones : Bankers Add Uncertainty To Argentina Debt Restructuring

ARGENTINA There was a time when investment banks lined up to participate in emerging market debt restructurings that gained them...

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Milestones : Caspian Oil And Pipeline Projects Get The Green Light

AZERBAIJAN The International Finance Corporations board has approved investments in two related Caspian oilfield and pipeline projects costing approximately $6.8...

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Milestones : Pfandbrief To Be Strengthened By Pending Legal Changes

GERMANY Moodys Investors Service has updated its rating methodology of the Pfandbrief in anticipation of amendments to the German Mortgage...

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Newsmakers : Former Goldman Sachs Economist Pleads Guilty In Treasury-bond Case

UNITED STATES John M. Youngdahl, a former senior economist at Goldman Sachs, pleaded guilty in November to federal criminal charges,...

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Newsmakers : Is Greenspan Heading For His Second Bush Showdown?

UNITED STATES Greenspan promised to be patient. But his patience run out at a bad time for President Bush. Alan...

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Editor’s Letter : Robbing Peter to Pay … Peter?

It comes as welcome news that US lawmakers are renewing their efforts to crack down on corporate tax evasion..