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Kaupthing makes surprise swoop for Denmark’s FIH

July 2, 2004

Iceland’s biggest financial institution, Kaupthing Bank, has continued its aggressive expansion with the acquisition of the Danish medium and long-term financier, FIH, for DK7.1bn ($1.2bn). The purchase, from Sweden’s Swedbank, which surprised bankers who expected FIH to be bought by a Swedish bank, allows Kaupthing to expand its corporate banking capabilities and its presence in the Nordic region.

Rich seek wealth boost with flight from cash

July 2, 2004

Total wealth of high net worth individuals (HNWIs) has only now “returned to levels only seen before the global recession took hold in 2001,” according to a recent report.

Investment banker takes helm of Taiwan’s finance commission

July 2, 2004

Premier Yu Shyi-kun appointed Taiwan Sugar Corp chairman Kong Jaw-sheng to head Taiwan’s new Financial Supervisory Commission (FSC), which will begin operation on July 1.

UBS tops private banking league as sector soars

July 2, 2004

Switzerland’s UBS Group heads the Top 10 list of global private banks with $1031.2bn in assets under management, according to the latest report from wealth management consultancy, Scorpio Partnership.

India puts brakes on HSBC’s UTI Bank aspirations

July 2, 2004

HSBC’s purchase of a minority stake in a private Indian bank has been pruned to 14.6%, confirming that the move made last year by the Indian government to raise the foreign investment limit in private banks to 74% is not an open invitation to foreign banks.

Achieving 3Cs is no mean feat

July 2, 2004

Conformance, competition and culture are the key to good corporate governance, says Jacob Wallenberg.

Another success for the corporate healer

June 2, 2004

Intesa managing director and CEO Corrado Passera tells Karina Robinson how he plans to keep the bank on an upward path after turning it around.

Finding business opportunity, whatever the setting

June 2, 2004

The Middle East is not wholly comprised of Iraq. While geographically obvious, the economic consequences of this fact can be easily missed. Bahrain and Qatar, two Gulf states that might have been overwhelmed by the Iraq crisis, are in fact booming. Editor-in-chief Stephen Timewell visited both countries in May and filed reports headlined: “Bahrain’s roaring success” and “Qatar builds the dream”.

Does Iraq herald America’s last stand?

June 2, 2004

While the US gets further embroiled in Iraq, economies such as China and Brazil are starting to assert themselves.

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