from Morning Bid with David Gaffen:

Kick the Can

July 14, 2015

If history repeats itself, first as tragedy, next as farce, the third time is probably “Greece.” The austerity measures to be implemented and the staggering bailout sum together mark another exhibit in the long history of evidence supporting the line about insanity being the thing someone does over and over while expecting a different result. In its most ruthless terms, though, the markets liked it on Monday, the stock market was higher, the Treasury market sold off, and we’re in a kick-the-can scenario that David Kotok of Cumberland Advisors a few weeks ago said would be viewed well because markets like can-kicking. It’s possible it gives investment managers the hope that they’ve found the fountain of youth or something.

from Breakingviews:

Wall Street lead over EU banks looks set in stone

June 17, 2015

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

from Breakingviews:

More Wall Street CEO cash is hint for shareholders

January 23, 2015

By Antony Currie

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

from Breakingviews:

Old M&A dogs try old tricks with new activist fund

January 21, 2015

By Richard Beales

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

from Breakingviews:

JPMorgan soul-baring cuts room for error

December 24, 2014

By Antony Currie

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

from Breakingviews:

FX fines are wake-up call on self-policing

November 12, 2014

By Dominic Elliott 

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

from Breakingviews:

MetLife CEO should revel in his anonymity

July 29, 2014

By Rob Cox

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

from Global Investing:

Anticipating the fallout from South Africa’s ratings reviews

June 10, 2014

South Africa is due ratings reviews this Friday. Chances are that the Standard & Poor's agency will cut its BBB rating by one, or possibly even two notches.  Another agency Fitch has a stable outlook on the rating but could still choose to downgrade the rating rather than the outlook. What will be the damage?

from Breakingviews:

BofA loss provides valuable mega-bank perspective

April 16, 2014

By Antony Currie

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

from Breakingviews:

JPMorgan’s clean sheet already looks off-white

April 11, 2014

By Jeffrey Goldfarb

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