Antony's Feed
Apr 22, 2015
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McDonald’s serves up Earth Day nugget

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

McDonald’s has served up an Earth Day nugget. Since 1970, April 22 has become in many countries a semi-official date to ramp up awareness about the environmental state of the planet. The fast food chain chose the eve of this year’s event to announce it is to end its role in deforestation, following agriculture giant Archer Daniels Midland’s lead. Such shifts, though, are bite-sized appetizers at best.

Apr 22, 2015
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McDonald’s serves up Earth Day nugget

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

McDonald’s has served up an Earth Day nugget. Since 1970, April 22 has become in many countries a semi-official date to ramp up awareness about the environmental state of the planet. The fast food chain chose the eve of this year’s event to announce it is to end its role in deforestation, following agriculture giant Archer Daniels Midland’s lead. Such shifts, though, are bite-sized appetizers at best.

Apr 22, 2015
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Flash crash case suggests small can be systemic

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

The flash crash of five years ago resurfaced with a bombshell on Tuesday. Prosecutors at the U.S. Department of Justice alongside the Commodity Futures Trading Commission have accused one self-employed UK trader of manipulating futures markets so much that he contributed to the five-minute, 1,000-point plunge in the Dow Jones Industrial Average on May 6, 2010.

Apr 22, 2015
via Breakingviews

Flash crash case suggests small can be systemic

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

The flash crash of five years ago resurfaced with a bombshell on Tuesday. Prosecutors at the U.S. Department of Justice alongside the Commodity Futures Trading Commission have accused one self-employed UK trader of manipulating futures markets so much that he contributed to the five-minute, 1,000-point plunge in the Dow Jones Industrial Average on May 6, 2010.

Apr 20, 2015
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Morgan Stanley Q1 rivals Goldman by different path

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Morgan Stanley’s divergence from Goldman Sachs’ strategy is starting to pay off. James Gorman’s firm had its best quarter in years in the three months to March. Its Wall Street arch-rival still has the edge on earnings performance. By one key metric, though, investors value Morgan Stanley more highly.

Apr 20, 2015
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Morgan Stanley Q1 rivals Goldman by different path

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Morgan Stanley’s divergence from Goldman Sachs’ strategy is starting to pay off. James Gorman’s firm had its best quarter in years in the three months to March. Its Wall Street arch-rival still has the edge on earnings performance. By one key metric, though, investors value Morgan Stanley more highly.

Apr 16, 2015
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Goldman’s improved returns come at higher risk

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Goldman Sachs is replacing one earnings problem with another. The bank left behind years of ho-hum profit with an estimate-beating $2.75 billion in the first quarter. That equates to an annualized return on equity of 14.7 percent, which is arguably at the upper end of what a player like Goldman can expect to earn. The firm kept costs down, but trading accounted for much of the boost. That means the improved returns come at a higher risk.

Apr 16, 2015
via Breakingviews

Goldman’s improved returns come at higher risk

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Goldman Sachs is replacing one earnings problem with another. The bank left behind years of ho-hum profit with an estimate-beating $2.75 billion in the first quarter. That equates to an annualized return on equity of 14.7 percent, which is arguably at the upper end of what a player like Goldman can expect to earn. The firm kept costs down, but trading accounted for much of the boost. That means the improved returns come at a higher risk.

Apr 13, 2015
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Wall Street bids slow farewell to GE fee darling

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Wall Street probably will have to bid farewell to its fee darling, General Electric. The U.S. aviation-to-healthcare conglomerate has been the best corporate client for investment bankers over the past 15 years, spending some $5.1 billion for advice and assistance. Shrinking GE Capital will keep M&A practitioners busy for a while. Borrowing by that operation, however, has been the biggest moneymaker.

Apr 10, 2015
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Immelt’s SIFI escape route is tough to follow

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

Jeffrey Immelt has plotted an escape for GE Capital from onerous regulation. The General Electric chief executive is offloading most of the conglomerate’s finance unit, which should allow it to ditch the tag imposed by watchdogs of being a systemically important financial institution, or SIFI. Big U.S. banks might fancy similar liberty, but they are more tightly hemmed in.

    • About Antony

      "Antony Currie has more than a decade of experience as a financial journalist, having worked with Euromoney since 1996, most recently as a U.S. editor. He has worked on assignments in the major financial centers of Europe and the U.S. and written stories on capital markets, global economies and the investment banking industry. He holds a bachelor's degree in German language and literature and a master's degree in politics and international relations from the University of Bristol."
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