Ruthlessly slashing costs is a common response to troubled times. But it won’t guarantee survival – in fact, experience tells us it has the opposite effect. By Chris Skinner.

Deutsche Bank has proven that if the structure is right, large-scale privatisations and emerging markets are still attractive. The emerging markets ECM team that drove through Türk Telecom’s deal in Turkey’s first IPO of the year talks to Edward Russell-Walling.

Private equity firm TPG has used its negotiating prowess to acquire cut-price shares from WaMu and B&B – in return for much-needed rescue capital.

The global financial landscape is changing, reflected in US and European dominance of the Top 1000 banks beginning to wane.

Financial centres around the world should tackle regulation in harmony to reflect the fact that markets across the globe are interconnected and current problems are global phenomena, writes Angela Knight.

The key to Africa’s future prosperity lies in diversification away from raw materials. Africa Export Import Bank president Jean-Louis Ekra talks to Charlie Corbett about the challenges of creating an internal economy.

Shamsad Akhtar, governor of the State Bank of Pakistan, has an ambitious vision for the bank to have a greater say in economic policy, she tells Karina Robinson.

Deals that succeed in spite of dreadful market conditions are always most satisfying. Credit Suisse was one of two banks to help the Republic of Lebanon through a new issue and bond exchange at the trickiest of times. Edward Russell-Walling talks to the team.

Targeted intervention, such as that imposed on borrowing limits by Kuwait, could work in other problem areas of banking.

There are no simple solutions to curb rising inflation, yet central banks will be expected to find them as political fallout mounts.