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Inside this issue

• Difficult times may give rise to a different model in investment banking

• A plucky wealth fund has entered the fray, says Francesco Guerrera

• Malcolm Cooper, National Grid treasurer, becomes an eye for an opportunity - -

Content

Finance directors should plan early

One idea is to explore alternative sources of funding, reports Chris Hughes

Briefing notes: The new financial landscape is beginning to emerge

Citigroup analysts have offered companies a list of recommendations, writes Peter Thal Larsen

Investment banking: Difficult times may give rise to a different model

Brooke Masters considers how the sector hardest hit may now change

Commercial paper: The engine starts slowly turning over

The Fed’s recent acquisitions and global action seem to have eased market stress for now, writes Anousha Sakoui

FirstGroup: Counsel brings sharp focus to the table

One of the world’s largest public transport groups is in safe hands, finds Amanda Vermeulen

Facts and figures: Preferences of US investors revealed

The trading patterns in ADRs offer an intriguing insight into what investors look for when buying shares of non-US companies, writes Peter Thal Larsen

Mergers & acquisitions: Banking turns out to be the one bright spot

In other sectors, however, financing difficulties and valuation doubts abound, finds Lina Saigol

Wall Street dispatch: Plucky new wealth fund enters the fray

Confidence is a commodity that no money can buy. Not even $125bn of fresh notes, writes Francesco Guerrera

Gulf dispatch: Sovereign funds turn to home

Big pools of money such as the sovereign wealth funds will want to extract a pound of flesh, writes Simeon Kerr

Asia dispatch: Decoupling is dead, but perhaps China can save us all

The financial services industry is still optimistic that Beijing will allow greater foreign investment, writes Sundeep Tucker

Banking guarantees: Short of a panacea

Ticklish issue of whether or not to migrate to another tax jurisdiction

Case study: Eye for an opportunity

Jean-Marc Boursier: A reassuring sense of business as usual

Viewpoint: Collapse of the house of Lehman was trigger point


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