Shape up or ship out

During the past few weeks, millions of people ventured towards 2006 with honourable intentions to enact bold and sometimes hastily conceived New Year's resolutions. For many, the tradition is a well-travelled path paved with broken promises to exercise more, lose weight, stop smoking, cut down on alcohol, eat a healthier diet or make new friends.

In early October last year, the major dealers in the credit derivatives industry, including JP Morgan, Goldman Sachs, Deutsche Bank, Morgan Stanley

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