Mar 12, 2015 15:38 UTC

Rob Cox: Banks can now prep for even tougher exam

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By Rob Cox

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

After an arduous couple weeks of putting their institutions through a series of stringent stress tests, America’s top bankers might want to kick back and earn some money, perhaps even whistling to the possibility of higher interest rates. If only it were so easy. The only suitable tune would be Led Zeppelin’s bluesy stomp, “When the Levee Breaks.”

Mar 11, 2015 18:43 UTC

Winner of “Survivor: Mega-Banks” may be loser

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By Jeffrey Goldfarb

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

Staying power in the corner suite isn’t always what it’s cracked up to be. With Brady Dougan stepping down as chief executive of Credit Suisse, it leaves JPMorgan, Goldman Sachs and Wells Fargo as the three American mega-banks with pre-2008 bosses. Jamie Dimon, Lloyd Blankfein and John Stumpf have overcome all manner of challenges but also are approaching a decade at the helm. One lesson from the crisis was the danger of sticking around too long.

Mar 11, 2015 18:10 UTC

Silicon Valley sexism case tests new M&M color

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By Reynolds Holding

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

Silicon Valley’s latest sexism trial is testing a new flavor of M&M’s. Venture capitalists at Kleiner Perkins Caufield & Byers didn’t slip the button-sized chocolates down a woman’s blouse, behavior that prompted a $3.5 million judgment against a law firm’s Palo Alto office two decades ago. But they’re charged with unfairly blocking a female’s rise to the top. It’s a subtler, more toxic type of discrimination that suggests little has changed in the technology world’s ecosystem.

Mar 10, 2015 16:24 UTC

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 11:11 UTC

Credit Suisse buys some insurance with Pru CEO

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By Peter Thal Larsen

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

So much for the banking brain drain. Credit Suisse is hiring Tidjane Thiam from UK insurer Prudential to replace veteran CEO Brady Dougan, according to people familiar with the matter. It’s a surprising vote of confidence in the Swiss institution, and the industry.

Mar 6, 2015 19:12 UTC

Apple entry into DJIA is polish for an antique

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By Robert Cyran and Richard Beales

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

Apple’s entry into the Dow Jones industrial average is a bit like polishing an antique. The average share price of 30 stocks selected by committee will finally include the world’s biggest company in place of AT&T. It’s an overdue move for an outdated yardstick – one which, like landlines and checkbooks, lives on.

Mar 6, 2015 15:26 UTC
Edward Chancellor

Review: Money, theft and death in Putin’s Russia

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By Edward Chancellor

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

Since the turn of this century, the fast-growing BRICS (Brazil, Russia, India, China and South Africa) have been much hyped on Wall Street. Yet investors in these countries and many other emerging markets have been plagued by the absence of the rule of law, inadequate protection of property rights and widespread corruption.

COMMENT

All that goes for all five BRICS, as well as many similar countries. Investors beware.

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Mar 6, 2015 11:35 UTC

UK retreat from RBS is more important than value

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By George Hay

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

Re-privatising Royal Bank of Scotland used to mean creating a world-class universal bank and selling out at a profit. The first objective has already fallen by the wayside – RBS is well on the way to becoming a UK-focused retail bank. Happily the second, judging by comments by Chancellor George Osborne on March 5, could soon follow.

Mar 5, 2015 15:39 UTC

Carlos Slim buys Spanish real estate on the cheap

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By Fiona Maharg-Bravo

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

The world’s top billionaires are battling for Spanish property. Bill Gates, George Soros and Amancio Ortega have all taken stakes in real estate companies or bought emblematic buildings in Spain. Now Carlos Slim is building his own Spanish empire on the cheap.

Mar 4, 2015 16:57 UTC

Actavis sale dresses up barely investment grade

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By Robert Cyran

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

Actavis is showcasing the value of being barely investment grade. The acquisitive drugmaker attracted huge demand this week for $21 billion of bonds a mere notch above junk. They yield less than Verizon’s bigger and better-rated issue did in 2013. Buyers of top-tier debt can’t help but keep looking further downward.