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Feb 25, 2015
via Breakingviews

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.

Feb 25, 2015
via Breakingviews

JPMorgan optimism reinforces industry mediocrity

Photo

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.

Feb 9, 2015

Breakingviews: New tax-dodge files put HSBC, politicians on spot

By Antony Currie

(Reuters Breakingviews) – The latest revelations about how
HSBC’s Swiss unit helped clients evade taxes put both
the bank and politicians back on the spot. The information may
be eight years old or more. But it still raises questions about
how much authorities knew, and what they ignored, when they went
after HSBC.

The bank’s antics are being made public thanks to Hervé
Falciani, a former HSBC employee who leaked the documents -
detailing activities up to 2007 – to several news outlets,
including the BBC, the UK’s Guardian newspaper, France’s Le
Monde and CBS’s 60 Minutes.

Feb 9, 2015
via Breakingviews

Today’s Wall Street can’t produce a John Whitehead

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By Antony Currie and Rob Cox

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

The storied career John Whitehead led over the past 70 years or so is virtually impossible to imagine on today’s Wall Street. The former Goldman Sachs boss, who died on Saturday at 92, was not just instrumental in developing the global investment banking model that largely still exists today. He also took on prominent positions in public service after he left.

Jan 23, 2015
via Breakingviews

More Wall Street CEO cash is hint for shareholders

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By Antony Currie

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

Shareholders might want to take a hint from this week’s news on compensation for Wall Street chief executives. JPMorgan is paying a portion of Jamie Dimon’s bonus in cash for the first time since 2011. And Goldman Sachs is boosting how much hard money Lloyd Blankfein gets. Meanwhile, bank stock gains are slowing.

Jan 23, 2015
via Breakingviews

More Wall Street CEO cash is hint for shareholders

Photo

By Antony Currie

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

Shareholders might want to take a hint from this week’s news on compensation for Wall Street chief executives. JPMorgan is paying a portion of Jamie Dimon’s bonus in cash for the first time since 2011. And Goldman Sachs is boosting how much hard money Lloyd Blankfein gets. Meanwhile, bank stock gains are slowing.

Jan 20, 2015
via Breakingviews

Morgan Stanley rains on its own parade

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By Antony Currie

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

Morgan Stanley has rained on its own parade. The Wall Street firm was progressing nicely in the first nine months of 2014. But a dismal fourth quarter exposed cracks that boss James Gorman still needs to fix.

Jan 15, 2015
via Breakingviews

Volatility is the new weather for Citi and BofA

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By Antony Currie 

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

Volatility is the new weather for the likes of Citigroup and Bank of America. The two mega-banks joined JPMorgan in blaming market ups and downs for crimping trading revenue and thus hurting overall earnings. That’s rich after years of claiming conditions were too docile. It doesn’t mask the deeper problem the lenders have, either.

Jan 12, 2015
via Breakingviews

Tech steering carmakers down valuation dead end

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By Antony Currie and Olaf Storbeck

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Carmakers are on something of a roll as they convene in Detroit. In the years to come, however, technology could make the ride rougher.

Jan 5, 2015

Breakingviews: Water woes could open taps on corporate risk

By Antony Currie

NEW YORK (Reuters Breakingviews) – Water is set to become a
more serious risk for companies and investors. It’s already
recognized. World Economic Forum attendees named H2O a top-three
risk two years running. And two-thirds of the world’s largest
companies worry about how constraints may affect their business,
according to environmental research firm CDP. Few, though, are
well prepared for problems. That is set to change.

A few high-profile droughts have helped shake off some
complacency. Taps in Brazil’s Sao Paulo may run dry as early as
March. California’s supply is low after three years of scarce
precipitation. The likes of Illinois and Indiana are starting to
use their relative abundance of water to lure companies to their
states.

    • 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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