Past mortgage fines give Deutsche room for hope

September 28, 2016

Settlements by other banks imply the German lender owes up to $5.5 bln for mis-selling mortgage-backed securities. That's much less than the $14 bln the U.S. government wants. But a previous Deutsche fine was much bigger than rivals'. Calculating penalties is an inexact science.

Time to bust China’s “omniscient regulator” myth

April 10, 2014

The country’s dueling financial watchdogs are undeniably smart. But as shadow banking runs amok, they have limited tools to fight problems they didn’t create. Some reforms are beyond their power, others are tied up in red tape. It undermines the theory that China is crisis-proof.

Irene should blow U.S. utility deal off course

By Rob Cox
September 1, 2011

Hurricane Irene may not have done much damage on Wall Street. But she ought to blow one deal off course: the $4.2 billion merger of electric utilities Northeast Utilities and NSTAR.

New York watchdog protests too much over insurance

June 12, 2013

The state’s brash financial regulator rubbed fellow overseers the wrong way over Standard Chartered. Now he risks doing the same for insurers. His capital-inflation beefs are legitimate, but other U.S. regulators are on the case. What’s needed is coordination, not a vigilante.

Help wanted: U.S. über-bank regulator

July 9, 2010

Washington, D.C.-based institution seeks new leadership after near-brush with death and potential future of irrelevance. Strong executive skills required to manage merger with failed rival. Banking and regulatory experience are essential. Must love consumers. Lobbyists, academics need not apply.

Too big to fail worth $30 billion a year to big banks

By Rob Cox
March 29, 2010

No wonder banks like being too big to fail. The certainty of a bailout, should their bets go wrong, isn’t just reassuring to risk-taking employees. Customers also value infallibility. Measured by the interest rates banks of different sizes pay on deposits, America’s ten biggest banks benefit from this unfair subsidy to the tune of some $30 billion annually.

Recovery leaves too many big problems unsolved

January 4, 2010

Little has been done to address the three underlying and interlocked issues that tripped the world into financial crisis and recession. Their persistence helps explain why the recovery has been frustratingly slow up to now.

BofA’s Lewis goes packing

September 30, 2009

With Lewis gone, Bank of America will be better able to move forward on a number of fronts. For Vikram Pandit of Citigroup, however, it is a bad omen.