Finance & economics

Can EMU be left to stew?

The costs of qualifying for Europe's single currency are proving to be high. Trouble is, so is the likely cost of postponing the project

Investment banking
Eviction in the City

The troublesome marriage of Germany's Dresdner Bank with Kleinwort Benson, a British merchant bank, has lessons for other would-be suitors

Up the NAIRU without a paddle

In the 1970s, mainstream thinking on unemployment converted to a new conservative orthodoxy. Now, liberals are making those ideas their own

The bank, the studio, the mogul and the lawyers

Crédit Lyonnais is having a miserable time in Hollywood. It can expect harder times in Paris too