Antony's Feed
Apr 13, 2015
via Breakingviews

Wall Street bids slow farewell to GE fee darling

Photo

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
via Breakingviews

Immelt’s SIFI escape route is tough to follow

Photo

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.

Apr 2, 2015
via Breakingviews

Nestlé called out for bottling, selling California water during drought

Photo

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

Nestlé is wading into what may be the purest form of water risk. A unit of the $243 billion Swiss food and drinks giant is facing populist protests for bottling and selling perfectly good water in Canada and drought-stricken California.

Apr 2, 2015
via Breakingviews

Nestlé called out for bottling, selling California water during drought

Photo

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

Nestlé is wading into what may be the purest form of water risk. A unit of the $243 billion Swiss food and drinks giant is facing populist protests for bottling and selling perfectly good water in Canada and drought-stricken California.

Apr 1, 2015
via Breakingviews

California drought may find relief from Down Under

Photo

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

California Governor Jerry Brown may want to look Down Under for relief from the state’s years-long drought. The amount of water stored in reservoirs and snowcaps is so low that on Wednesday he ordered an unprecedented 25 percent cut in statewide use. It’s a wise though belated move. Now he needs a comprehensive plan to help turn California’s water woes around.

Apr 1, 2015
via Breakingviews

California drought may find relief from Down Under

Photo

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

California Governor Jerry Brown may want to look Down Under for relief from the state’s years-long drought. The amount of water stored in reservoirs and snowcaps is so low that on Wednesday he ordered an unprecedented 25 percent cut in statewide use. It’s a wise though belated move. Now he needs a comprehensive plan to help turn California’s water woes around.

Mar 23, 2015
via Breakingviews

Global water woes mix with trickle of good news

Photo

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
via Breakingviews

Wall Street owners finally get breakup bona fides

Photo

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
via Breakingviews

Wall Street owners finally get breakup bona fides

Photo

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
via Breakingviews

Jefferies rubs salt into own wounds

Photo

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.

    • 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."
    • Follow Antony