Emerging markets used to suffer from Western crises. Now they help to solve them by pouring capital into the system.

The unprecedented action by five central banks in response to the credit crunch is only a short-term solution to the problem.

In just 18 months, Russian bank KIT Finance has become a major player, and it plans to get a lot bigger. By Ben Aris.

Denis Gorbunenko has turned a banking minnow into a rising giant – and he’s not finished yet. Ben Aris reports.

Vietnam’s central bank governor will have to toughen up as the country’s banking sector continues to develop at a rapid pace. By Karina Robinson.

If banks really do want to resuscitate personal mobile banking – and they’re spending huge sums doing so – they should look to the internet-based web service to prevent customer angst at the sky-high mobile phone charges. By Chris Skinner.

Merrill Lynch’s singleness of purpose played a vital part in the Royal Bank of Scotland-led consortium’s takeover of ABN AMRO. And nowhere more so than in the Fortis rights issue, the biggest ever in dollar terms, which tipped the scales against all predictions. Edward Russell-Walling reports.

A range of exciting mergers and acquisitions are proceeding among banks unaffected by subprime concerns.

Bank rules are a key reason behind the upset in financial markets and the advent of Basel II will do little to improve the situation.

Taking a global perspective is vital to learn lessons from financial market turbulence and find the right approach to move forward in the future, says Jaime Caruana.