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Sep 26, 2013
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We need to talk about Jamie Dimon

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By Antony Currie and George Hay
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

JPMorgan has shelled out some $20 billion in legal costs since 2010. Billions more are possibly coming to settle a raft of outstanding U.S. government charges. Chief Executive Jamie Dimon is part of the problem, but also presides over one of the best-performing firms in the industry. Breakingviews imagines how Lee Raymond, JPMorgan’s lead independent director and former chief executive of Exxon Mobil, might lay out the dilemma for the bank’s two new board members.

Sep 18, 2013
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Jefferies shows fixed income isn’t for everyone

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

Jefferies shows that fixed income isn’t necessarily for everyone. The revenue the U.S. investment bank generated from trading bonds, currencies and commodities slumped 85 percent, to just $33 million, in the three months to September. That’s a far bigger drop than its larger rivals across Wall Street are expecting. As a relative newcomer, Jefferies appears to be struggling with volatility. The same may prove true for others that are downsizing their FICC businesses.

Sep 12, 2013
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2008 retold: Lehman clawbacks should go further

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

Lehman as it might have been … The following  is part of a special feature package marking the fifth anniversary of the collapse of the Wall Street securities firm. Breakingviews writers imagine what might have happened if post-crisis reformers had acted pre-crisis. Herewith a column  from that alternative archive.

New York – Monday Sept 15, 2008

Aug 8, 2013
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Tesla’s Elon Musk exudes hints of Steve Jobs

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

Elon Musk is beginning to exude hints of Steve Jobs. Like Apple’s late chief executive, the boss of Tesla Motors crafts an impressive product. Now he’s gaining a reputation for beating earnings estimates. There is, however, a big difference in how shareholders have rewarded the two men’s work.

Jul 19, 2013
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Google shows hints of life like a newspaper

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

Google knows a thing or two about rapid shifts in technology usage. After all, the search giant has built its $300 billion market cap by effectively gutting the print world of its advertising dollars over the past decade. So it is somewhat surprising – and a potential source of Schadenfreude for those whose livelihoods were Googled – to see the group led by Larry Page fumbling with a market transition of its own.

Jul 16, 2013
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Goldman isn’t yet the envy of Wall Street again

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

Goldman Sachs isn’t yet the envy of Wall Street again. The investment bank generated $1.9 billion of profit in the second quarter, twice the figure of a year ago and beating the estimates of analysts by a third. Though it sounds like a return to Goldman’s good old days, it hasn’t managed to solidly outpace rivals.

Jun 24, 2013
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Tesla obstructionists should be firmly resisted

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

Tesla’s obstructionists should be firmly resisted. The electric carmaker is under attack from America’s entrenched legions of franchised car sellers. They want to stop Elon Musk’s company from selling vehicles directly to consumers – and have made New York the latest venue for the fight. The dealership model, though, is antiquated and expensive, as the woes of Detroit’s Big Three showed. Government shouldn’t stand in the way of Tesla’s innovation.

Jun 18, 2013
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Jefferies shows Wall St earnings still a crapshoot

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

Jefferies’ second-quarter earnings probably aren’t a reliable bellwether for the rest of Wall Street this time round. The mid-sized investment bank blamed a tough March and April for most of the 35 percent drop in second-quarter profit compared to the same period last year. That, though, is at odds with both market data and hints from some of its larger rivals.

Jun 12, 2013

Fannie, Freddie shareholders in cloud cuckoo land

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

By Antony Currie

NEW YORK, June 12 (Reuters Breakingviews) – Sometimes,
matters are just too obvious to be appreciated. That’s the only
plausible explanation for why some investors who owned common or
preferred stock in Fannie Mae (FNMA.OB: Quote, Profile, Research) and Freddie Mac
(FMCC.OB: Quote, Profile, Research) in September 2008 are suing the U.S. government for
$41.5 billion.

Jun 11, 2013

Megabank mastermind sort of counts small blessings

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

By Antony Currie

NEW YORK, June 11 (Reuters Breakingviews) – A megabank
mastermind is turning his back on size – to a point. Hugh
McColl, an architect of today’s Bank of America (BAC.N: Quote, Profile, Research), is
selling his tiny advisory firm. The buyer is equally small and
the middle-market deals on which they typically advise are a far
cry from the landmark ones that defined McColl’s career. And yet
there’s evidence of a certain mindset that hasn’t entirely
disappeared.

    • 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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