Antony's Feed
Mar 23, 2015
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Global water woes mix with trickle of good news

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

Earth faces a major water crisis. By 2030, the planet could have 40 percent less H2O than needed, due to rising demand for food and energy from a growing population, the United Nations reiterated in a report published on Sunday to mark World Water Day. The multi-year droughts afflicting California and Sao Paulo, Brazil may be harbingers of doom on a broader scale. But there is enough progress to offer hope.

Mar 19, 2015
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Wall Street owners finally get breakup bona fides

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

The idea of big U.S. banks breaking up will finally get a public airing. The Securities and Exchange Commission is allowing Bank of America shareholders to vote at the firm’s annual meeting on whether executives should contemplate spinning off the Merrill Lynch investment bank. The watchdog previously muzzled similar requests.

Mar 19, 2015
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Wall Street owners finally get breakup bona fides

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

The idea of big U.S. banks breaking up will finally get a public airing. The Securities and Exchange Commission is allowing Bank of America shareholders to vote at the firm’s annual meeting on whether executives should contemplate spinning off the Merrill Lynch investment bank. The watchdog previously muzzled similar requests.

Mar 17, 2015
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Jefferies rubs salt into own wounds

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

Jefferies is rubbing salt into its own wounds. The Wall Street firm managed to avoid a second straight quarterly loss, but only just. Net income for its first quarter was a dismal $12.5 million as the three months to February exposed some of the investment bank’s weaknesses.

Mar 17, 2015
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Jefferies rubs salt into own wounds

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

Jefferies is rubbing salt into its own wounds. The Wall Street firm managed to avoid a second straight quarterly loss, but only just. Net income for its first quarter was a dismal $12.5 million as the three months to February exposed some of the investment bank’s weaknesses.

Mar 10, 2015
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Credit Suisse finds CEO industry fears – but needs

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By Antony Currie

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

Credit Suisse has found the type of chief executive that the industry fears, but needs. Prudential boss Tidjane Thiam, who is to replace Brady Dougan in July, has no ties or loyalties to either investment or private banking. And he has a reputation for making bold moves – witness his bid for rival AIA in 2010. It’s a combination that should send shivers not just through Credit Suisse, but through rivals across the City and Wall Street, too.

Mar 10, 2015
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Credit Suisse finds CEO industry fears – but needs

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By Antony Currie

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

Credit Suisse has found the type of chief executive that the industry fears, but needs. Prudential boss Tidjane Thiam, who is to replace Brady Dougan in July, has no ties or loyalties to either investment or private banking. And he has a reputation for making bold moves – witness his bid for rival AIA in 2010. It’s a combination that should send shivers not just through Credit Suisse, but through rivals across the City and Wall Street, too.

Mar 3, 2015
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Trust Citi to win from losing most profitable unit

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By Antony Currie

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

Trust Citigroup to benefit from offloading its most profitable business. The U.S. mega-bank has at last sold OneMain, to rival Springleaf, for $4.25 billion. The subprime consumer finance unit has generated returns that far exceed anything else at Citi. And yet the deal provides all manner of relief for the erratic lender run by Michael Corbat.

Mar 3, 2015
via Breakingviews

Trust Citi to win from losing most profitable unit

Photo

By Antony Currie

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

Trust Citigroup to benefit from offloading its most profitable business. The U.S. mega-bank has at last sold OneMain, to rival Springleaf, for $4.25 billion. The subprime consumer finance unit has generated returns that far exceed anything else at Citi. And yet the deal provides all manner of relief for the erratic lender run by Michael Corbat.

Feb 25, 2015
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JPMorgan optimism reinforces industry mediocrity

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By Antony Currie

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

JPMorgan’s optimism reinforces the overall mediocrity of the banking industry. Growth, cost cuts and new fees can boost earnings 43 percent, boss Jamie Dimon and his crew told investors on Tuesday. They also suggested that’s enough to silence talk of a breakup.

    • 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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