81.   By plunging into the American capital markets, HSBC is ready to stake its claim as a preeminent global bank.

82.   By running down external debt and running up internal debt, the president leaves more money in private capital markets.

83.   By shedding their mutual status, life insurers gain access to capital markets where they can raise the necessary money to expand their businesses.

84.   Canadian Imperial, through its investment banking arm CIBC World Markets, has chosen to raise its profile in global capital markets, especially on Wall Street.

85.   Capital markets are no longer friendly, as France Telecom found this week.

86.   Capital markets are otherwise beyond the reach of most entrepreneurs because the government bureaucracy favors state-owned companies.

87.   Capital markets in Korea are also poised to change.

88.   Capital markets are not perfect, so different people have different discount rates.

89.   Chapey had been head of global derivatives and deputy head of international capital markets at Chase Manhattan Corp.

90.   Chief among them are a volatile regulatory climate and the difficult capital markets.