Dominic's Feed
Oct 30, 2015
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Too soon for BNP to ramp up its investment bank

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

BNP Paribas should stay true to its conservative traditions. As rivals like Deutsche Bank and Credit Suisse retrench in investment banking, decent third-quarter results mean France’s biggest lender by assets is now contemplating grabbing market share. It should hold its horses.

Oct 29, 2015
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Deutsche Bank looks like tortoise to Barclays hare

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

Deutsche Bank’s slow-and-steady approach to its investment banking turnaround could eventually trump that of more advanced peer Barclays. Both European universal banks on Oct. 29 reported third-quarter figures and detail on their structural revamps. While Barclays looks to be ahead on both fronts, the German lender’s superior positioning could make it a long-term winner.

Oct 29, 2015
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Deutsche Bank looks like tortoise to Barclays hare

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

Deutsche Bank’s slow-and-steady approach to its investment banking turnaround could eventually trump that of more advanced peer Barclays. Both European universal banks on Oct. 29 reported third-quarter figures and detail on their structural revamps. While Barclays looks to be ahead on both fronts, the German lender’s superior positioning could make it a long-term winner.

Oct 27, 2015
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Deutsche’s Russia and IT problems could be linked

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

Deutsche Bank’s systems are under scrutiny – in more ways than one. Regulators are looking ever more closely at $6 billion-plus of potentially sanctions-busting trades undertaken by Germany’s biggest bank by assets, the Financial Times reported on Oct. 25. A day later, the same paper said that Deutsche boss John Cryan would start over with the bank’s IT systems. The two issues could be related.

Oct 27, 2015
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Deutsche’s Russia and IT problems could be linked

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

Deutsche Bank’s systems are under scrutiny – in more ways than one. Regulators are looking ever more closely at $6 billion-plus of potentially sanctions-busting trades undertaken by Germany’s biggest bank by assets, the Financial Times reported on Oct. 25. A day later, the same paper said that Deutsche boss John Cryan would start over with the bank’s IT systems. The two issues could be related.

Oct 26, 2015
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Poland’s tilt to nationalism is bad for investment

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

Poland’s lurch to statism could backfire. The country’s centre-right, eurosceptic Law and Justice (PiS) party may have won an outright majority in the national election on Oct. 25, exit polls suggested on the same day. Though PiS was expected to triumph, earlier polls had it needing to forge a coalition to govern. Now it could be free to press ahead with a dirigiste set of policies that threaten Poland’s free-market success.

Oct 26, 2015
via Breakingviews

Poland’s tilt to nationalism is bad for investment

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

Poland’s lurch to statism could backfire. The country’s centre-right, eurosceptic Law and Justice (PiS) party may have won an outright majority in the national election on Oct. 25, exit polls suggested on the same day. Though PiS was expected to triumph, earlier polls had it needing to forge a coalition to govern. Now it could be free to press ahead with a dirigiste set of policies that threaten Poland’s free-market success.

Oct 23, 2015
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Barclays’ bonus-free vision not entirely utopian

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

John McFarlane has a dream. Barclays’ executive chairman envisages a utopia in which banks like his don’t pay annual bonuses, leaving traders in particular less reason to take outsized risks. The problem: banks don’t collectively want to make this dream-world a reality. Regulators still could, though.

Oct 23, 2015
via Breakingviews

Barclays’ bonus-free vision not entirely utopian

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

John McFarlane has a dream. Barclays’ executive chairman envisages a utopia in which banks like his don’t pay annual bonuses, leaving traders in particular less reason to take outsized risks. The problem: banks don’t collectively want to make this dream-world a reality. Regulators still could, though.

Oct 22, 2015
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Big banks win by a whisker in UK competition probe

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

Big banks 1, good sense nil. The British investigation into banking competition that concluded on Oct. 22 after 18 months has let large lenders off the hook, and done little for their smaller rivals. The UK’s Competition and Markets Authority decided against breaking up the country’s four dominant players – Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland. Nor did the watchdog have the pluck to ban “free” current accounts, which would have boosted transparency.

    • About Dominic

      "Dominic is a London-based columnist covering investment banking. Prior to Breakingviews, he spent two years at moneydealer ICAP, where he brokered equity derivatives trades between investment banks, high-frequency trading firms and hedge funds. He has more than five years of financial journalism experience, including stints as news editor and investment banking editor at Financial News. He has also written for The Wall Street Journal Europe. Dominic holds an MA in Classics from Oxford University and an MSc in Development Management from the London School of Economics. Follow Dominic on Twitter @DominicElliott"
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