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Mar 17, 2015
via Breakingviews

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
via Breakingviews

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

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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.

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

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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 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.

    • 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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