Breakingviews

Saudi’s sweet debt deal could rebound on banks

April 21, 2016

The kingdom is close to its first international debt deal in 25 years to plug a hole in its finances caused by weak oil prices. Vast oil reserves make Saudi debt enticing, but the price slump is changing the game in several ways. And Middle East states have defaulted before.

Viewsroom: Coal bust, Bank earnings, Millennial media

April 15, 2016

Peabody Energy's bankruptcy gives Big Oil a glimpse into the future, while energy losses are just one issue U.S. lenders have to contend with. Plus: startup news outlets face age-old problems.

Banks can’t rely on lifeboats when Titanic sinks

April 13, 2016

JPMorgan is among five big U.S. firms that failed the living wills test. That’s because they counted on liquidity from other subsidiaries that could be cut off from providing aid when things go awry. The regulators’ message to Wall Street is clear: every man for himself will prevail in the next crisis.

Credit Suisse wise to flaunt Brexit neutrality

April 8, 2016

The Swiss bank has banned staff from events and debates tied to the UK’s EU referendum. Overt partisanship might have unnerved some Credit Suisse clients. As Switzerland renegotiates its own trading terms with Europe, Brexit impartiality also makes sense for its domestic banks.

Jamie Dimon stands up to bank breakup bullies

April 7, 2016

The JPMorgan CEO’s latest annual missive tackles everything from Brazil to Brexit. An overriding message that bigger is better in finance mostly resonates, however. A reasoned case like Dimon’s is key as the likes of Bernie Sanders and Neel Kashkari advance the carve-up cause.

Jamie Dimon to Wells Fargo: Go ahead, make my day

March 1, 2016

The JPMorgan boss suggests that if his big, boring rival wants to compete internationally, it’ll have to buy an investment bank. Bulking up on Wall Street would recklessly push the lender led by John Stumpf into businesses it doesn’t know well. Dimon wouldn’t want that. Right?

JPMorgan results offer compelling case for fintech

January 14, 2016

Jamie Dimon’s bank is lending more and reducing drags on capital. Yet Q4 return on equity was only 9 pct and relied heavily on one-offs – and the bank is a top performer in the industry. Rising interest rates won’t help much, but new technology could boost revenue and savings.

Jamie Dimon, 10 years on, is hard bank CEO to beat

December 30, 2015

Looking back on a decade running JPMorgan, the boss has had missteps like the London Whale, big legal fines and clashes with regulators. Yet Dimon has fashioned a bank with leading market share, top-tier returns and a head start in fintech. It’s well placed for the next 10 years.

JPMorgan throws down against more than just Apple

October 27, 2015

Its Chase Pay smartphone wallet is a clear challenge to the iPhone maker’s burgeoning rival. By lowering fees, absorbing fraud liabilities and allowing retailers to offer their own loyalty programs, however, JPMorgan is also putting banks and the likes of Amex on the back foot.

Wall Street lead over EU banks looks set in stone

June 17, 2015

European trading and advisory revenue is down 30 pct since 2010 while U.S. investment banking has grown. Now Deutsche Bank and HSBC are cutting further, even more ground will be ceded. The region’s tentative recovery and capital markets project offer only slim hope of a reversal.