The New City

Part 1 Tales of two cities: old and new; signposts to the new city; the clearing-house of the world; deregulation and the challenge of technology. Part 2 The city at work: divine services?; what the city does; city markets today - The International Stock Exchange, retail banking; merchant banking; the foreign exchange market; futures and options; money markets; insurance; fund mangement; the city's contribution; why London?. Part 3 Crazy years at The Stock Exchange: the market goes mad; acording to Cecil; straws in the wind; big, but not much of a bang; musical chairs in the madhouse; beware of the bull; the crash restores sanity; after the smoke has cleared, what changed?; further to go. Part 4 The death of banking: other people's money; the world's banker, or landlord to the world's bankers?; the shadow of debt; securitization; from big bang to big banks; culture shock; the international challenge; flash in Japan?; the challenge at home; bankers no more; has it all been worth it?. Part 5 Free-for-all on the foreign exchanges: the roller coaster; the foreign exchange market at work; what changes exchange rates?, the old, old story, the new pantomine; the magic of the chartists; exchange rate systems and cartels; Europe and the future; Europe and the future of futures; whatever happened to the speculators?. Part 6 Looking to the futures: origins; products; currency contracts; LIFFE's work, financial futures, interest rate contracts, contracts in money market instruments, the FT-SE index contract; punters; the tail wagging in the dog?; swaps. Part 7 Money and interest: wholesale money; the money markets; the nature of euromarkets; euromoney and eurocapital; boom and bust in the euromarkets; the discount market; the bank's work; who really sets interest rates?; gilts; the new gilt-edged market. Part 8 The new old lady: centrepiece of the city; banker to the government; bankers' bank; more than just a bank; the question of independence; the European dimension; the bankand the city; the Johnson Matthey affair. Part 9 From deregulation to rerefulation: the paradox; rape at Lloyd's; the new system; still in the club; insider dealing and slippage; the American way; the European way. Part 10 City limits?: the story so far; the single market; city of the future; too high a price?.