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<pubDate>Thu, 18 Mar 2010 16:08:52 GMT</pubDate>
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<title>Greece: Sovereign woes cast long shadows for banks</title>
<link>http://www.thebanker.com/news/fullstory.php/aid/7125/Greece:_Sovereign_woes_cast_long_shadows_for_banks.html</link>
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<p><img alt="Bank of Greece, Athens: EU officials visited the Greek capital in January to assess the government's crisis strategy" height="159" src="/cp/76/GET_Bank of Greece.jpg" width="150" /><span>Bank of Greece, Athens: EU officials visited the Greek capital in January to assess the government's crisis strategy</span></div>
<p>The leading Greek banks had retained relatively conservative business models at home prior to the financial crisis, but market fears about government debt make the downturn even harder to manage. Writer Philip Alexander</p></p>
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<pubDate>Wed, 03 Mar 2010 05:00:00 GMT</pubDate>
<guid>http://www.thebanker.com/news/fullstory.php/aid/7125</guid>
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<title>Argentina: Sacking of central bank governor damages country's reputation</title>
<link>http://www.thebanker.com/news/fullstory.php/aid/7134/Argentina:_Sacking_of_central_bank_governor_damages_country_s_reputation.html</link>
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<p><img alt="Before the storm: former Argentine central bank governor Martin Redrado (left) and president Cristina Kirchner in March 2008. Less than two years later, Ms Kirchner was to attempt to remove Mr Redrado" height="144" src="/cp/76/RTR_Argentina.jpg" width="200" /><span>Before the storm: former Argentine central bank governor Martin Redrado (left) and president Cristina Kirchner in March 2008. Less than two years later, Ms Kirchner was to attempt to remove Mr Redrado</span></div>
<p>The 'soap opera' surrounding the protracted dismissal of the Argentine central bank governor by president Cristina Kirchner has damaged the country's international image and highlighted major weaknesses within its institutions. Writer Jason Mitchell</p></p>
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<pubDate>Wed, 03 Mar 2010 05:00:00 GMT</pubDate>
<guid>http://www.thebanker.com/news/fullstory.php/aid/7134</guid>
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<title>Latvia: Searching for a new path to economic growth</title>
<link>http://www.thebanker.com/news/fullstory.php/aid/7129/Latvia:_Searching_for_a_new_path_to_economic_growth.html</link>
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<p><img alt="Irena Krumane, chair of the Latvian Financial and Capital Market Commission" height="126" src="/cp/76/Krumane, Irena (Col).jpg" width="126" /><span>Irena Krumane, chair of the Latvian Financial and Capital Market Commission</span></div>
<p>Flooded with Scandinavian liquidity during the boom years, Latvia has suffered the most severe bust in the EU and bankers are devising a new business model while clearing up the consequences of the old one. Writer Philip Alexander</p></p>
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<pubDate>Wed, 03 Mar 2010 05:00:00 GMT</pubDate>
<guid>http://www.thebanker.com/news/fullstory.php/aid/7129</guid>
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<title>Rebuilding UBS: Can UBS revive its business and reputation?</title>
<link>http://www.thebanker.com/news/fullstory.php/aid/7112/Rebuilding_UBS:_Can_UBS_revive_its_business_and_reputation_.html</link>
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<p><img height="183" src="/cp/76/Rebuilding UBS.jpg" width="150" /><span></span></div>
<p>UBS has endured a catastrophic three years. Now, under the stewardship of former Credit Suisse chief Oswald Grübel, the bank is attempting to restore its reputation and revive its business. Geraldine Lambe reports.</p></p>
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<pubDate>Wed, 03 Mar 2010 05:00:00 GMT</pubDate>
<guid>http://www.thebanker.com/news/fullstory.php/aid/7112</guid>
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<title>Sour prospects for DCM sweet spot</title>
<link>http://www.thebanker.com/news/fullstory.php/aid/7120/Sour_prospects_for_DCM_sweet_spot.html</link>
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<p><img alt="Mark Lewellen, head of European corporate origination at Barclays Capital" height="150" src="/cp/76/Lewellen,Mark.jpg" width="150" /><span>Mark Lewellen, head of European corporate origination at Barclays Capital</span></div>
<p>China has had an inflationary spike, Australia is raising rates and more are expected to follow suit. This has prompted a flood of bond issuance from businesses and governments ahead of fears about rising rates. When more central banks signal that they are in a neutral and tightening mode, what will this do to the debt capital market? Writer Joanne Hart</p></p>
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<pubDate>Wed, 03 Mar 2010 05:00:00 GMT</pubDate>
<guid>http://www.thebanker.com/news/fullstory.php/aid/7120</guid>
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<title>Vietnam braced for retail ramp-up</title>
<link>http://www.thebanker.com/news/fullstory.php/aid/7131/Vietnam_braced_for_retail_ramp-up.html</link>
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<p><img alt="At your inconvenience: in 2006, Vietnam had only 46 ATMs for every 1 million people" height="179" src="/cp/76/GET-Vietnam.jpg" width="200" /><span>At your inconvenience: in 2006, Vietnam had only 46 ATMs for every 1 million people</span></div>
<p>Vietnam's large unbanked population and its growing middle class present a major opportunity for local and foreign banks alike, who see vast potential in the country's underdeveloped retail banking and consumer finance sectors. Writer Michelle Price</p></p>
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<pubDate>Wed, 03 Mar 2010 05:00:00 GMT</pubDate>
<guid>http://www.thebanker.com/news/fullstory.php/aid/7131</guid>
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<title>Morgan Stanley's Franck Petitgas on the investment bank's turnaround</title>
<link>http://www.thebanker.com/news/fullstory.php/aid/7114/Morgan_Stanley_s_Franck_Petitgas_on_the_investment_bank_s_turnaround.html</link>
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<p><img alt="Franck Petitgas, global co-head of investment banking, Morgan Stanley" height="126" src="/cp/76/F_Petitgas010.jpg" width="126" /><span>Franck Petitgas, global co-head of investment banking, Morgan Stanley</span></div>
<p>The global co-head of investment banking at Morgan Stanley discusses the turnaround of the company's fortunes and says the firm's success in investment banking is just the beginning. Writer Geraldine Lambe</p></p>
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<pubDate>Wed, 03 Mar 2010 05:00:00 GMT</pubDate>
<guid>http://www.thebanker.com/news/fullstory.php/aid/7114</guid>
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<title>The uncosted rewards of bankers' bonuses</title>
<link>http://www.thebanker.com/news/fullstory.php/aid/7109/The_uncosted_rewards_of_bankers__bonuses.html</link>
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<p><img alt="The Bracken column is named after Brendan Bracken, the founding editor of The Banker in 1926 and chairman of the modern-day Financial Times from 1945 to 1958." height="126" src="/cp/76/Bracken tiff cutout.jpg" width="126" /><span>The Bracken column is named after Brendan Bracken, the founding editor of The Banker in 1926 and chairman of the modern-day Financial Times from 1945 to 1958.</span></div>
<p>A bank employee recently asked me: "As a trader, my bonus is derived directly from my profit and loss, which is accrued over the quarter and kept in a separate account. It does not go into the firm's bottom line and then back out to me. Also, like most traders, I accrue 2% of my gains in a loss provision account in case I have a major write-down in the year. My bonus is 10% of my profit for the year. If I make $50m for the year my bonus is $5m. What does my bonus have to do with the mortgage-backed securities [MBS] trader who is sitting on losses? Did I or did I not show a profit of $40m to the firm's bottom line?"</p></p>
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<pubDate>Wed, 03 Mar 2010 05:00:00 GMT</pubDate>
<guid>http://www.thebanker.com/news/fullstory.php/aid/7109</guid>
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<title>Scholars and scale</title>
<link>http://www.thebanker.com/news/fullstory.php/aid/7123/Scholars_and_scale.html</link>
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<p><img alt="Growing demand: two women open sharia bank accounts at Bank Negara Indonesia" height="174" src="/cp/76/GET_Islamic.jpg" width="200" /><span>Growing demand: two women open sharia bank accounts at Bank Negara Indonesia</span></div>
<p>Leading Islamic retail banks are developing increasingly sophisticated systems to maintain sharia compliance in an evolving market. Writer Philip Alexander</p></p>
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<pubDate>Wed, 03 Mar 2010 05:00:00 GMT</pubDate>
<guid>http://www.thebanker.com/news/fullstory.php/aid/7123</guid>
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<title>Will Chile's right turn mean business?</title>
<link>http://www.thebanker.com/news/fullstory.php/aid/7136/Will_Chile_s_right_turn_mean_business_.html</link>
<description><![CDATA[
<p><img alt="President elect: Sebastián Piñera swept to power in Chile in January" height="154" src="/cp/76/GET-Pinera.jpg" width="200" /><span>President elect: Sebastián Piñera swept to power in Chile in January</span></div>
<p>Chile's new right-wing government has promised to sustain the country's growth trajectory with a series of reforms, aimed at diversifying its economy, which is highly dependent on the copper industry, and improving conditions for SMEs. Writer Jason Mitchell</p></p>
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<pubDate>Wed, 03 Mar 2010 05:00:00 GMT</pubDate>
<guid>http://www.thebanker.com/news/fullstory.php/aid/7136</guid>
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<title>Rwanda: A risk worth taking?</title>
<link>http://www.thebanker.com/news/fullstory.php/aid/7140/Rwanda:_A_risk_worth_taking_.html</link>
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<p><img alt="Top reformer: Rwandan president Paul Kagame at an East African Community conference in 2007. Rwanda joined the regional economic group earlier that year" height="150" src="/cp/76/GET-Rwanda.jpg" width="150" /><span>Top reformer: Rwandan president Paul Kagame at an East African Community conference in 2007. Rwanda joined the regional economic group earlier that year</span></div>
<p>Recognised as the world's top reformer by the World Bank last year, and a member of the East African Community since 2007, the outlook is certainly promising for Rwanda. But the opportunities also come with a high probability for risk. Writer Peter Guest</p></p>
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<pubDate>Wed, 03 Mar 2010 05:00:00 GMT</pubDate>
<guid>http://www.thebanker.com/news/fullstory.php/aid/7140</guid>
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