Dominic's Feed
Aug 28, 2015
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Google EU antitrust spat riddled with holes

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

The European Commission will probably need to keep searching if it is to succeed in its aim to break up Google. The search giant’s robust response on Aug. 27 to Brussels’ antitrust charges implies the rapsheet is riddled with holes. It also ratchets up a complex theoretical battle over what constitutes a monopoly.

Aug 28, 2015
via Breakingviews

Google EU antitrust spat riddled with holes

Photo

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

The European Commission will probably need to keep searching if it is to succeed in its aim to break up Google. The search giant’s robust response on Aug. 27 to Brussels’ antitrust charges implies the rapsheet is riddled with holes. It also ratchets up a complex theoretical battle over what constitutes a monopoly.

Aug 21, 2015
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ABN Amro’s IPO could prove sweetly timed

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

ABN Amro, the poster child of the financial crisis, has almost grown up. The state-owned Dutch bank on Aug. 21 reported a near-doubling of second-quarter earnings from a year ago to 600 million euros ($675 million). Chief Executive Gerrit Zalm says ABN is on track to sell up to 30 percent of its stock back to private investors in the fourth quarter. Timing is on his and the government’s side.

Jul 31, 2015
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BNP Paribas’ M&A machine spits out growth and risk

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

BNP Paribas’ acquisition engine is powering its growth. The trick is to keep the benefits of expansion without the kind of sprawl-induced malfunction that has hurt rivals.

Jul 31, 2015
via Breakingviews

BNP Paribas’ M&A machine spits out growth and risk

Photo

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

BNP Paribas’ acquisition engine is powering its growth. The trick is to keep the benefits of expansion without the kind of sprawl-induced malfunction that has hurt rivals.

Jul 30, 2015
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Deutsche Bank smart on growth, shabby on costs

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

Deutsche Bank’s second-quarter results show the sleight of hand required from new co-Chief Executive John Cryan. Germany’s largest lender grew revenue by a brisk 17 percent in the second quarter to 9.2 billion euros ($10.1 billion). But expenses matched that expansion, and devoured a sizeable 85 percent of the top line. Cryan needs to be creative in order to hack these back, since he is bound by the strategy he agreed on as a member of the board back in April.

Jul 17, 2015
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Bafin barbs show scale of Deutsche overhaul task

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

Bafin’s barbs against Deutsche Bank underscore the scale of the challenge facing new co-Chief Executive John Cryan. A leaked letter from the German watchdog, published by the Wall Street Journal on July 16, slams the bank’s executives over the Libor scandal for “serious omissions of responsibility”. Repairing relations with the regulator and strengthening the bank’s controls will compound the already-sizeable job of boosting Deutsche’s financial performance.

Jul 17, 2015
via Breakingviews

Bafin barbs show scale of Deutsche overhaul task

Photo

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

Bafin’s barbs against Deutsche Bank underscore the scale of the challenge facing new co-Chief Executive John Cryan. A leaked letter from the German watchdog, published by the Wall Street Journal on July 16, slams the bank’s executives over the Libor scandal for “serious omissions of responsibility”. Repairing relations with the regulator and strengthening the bank’s controls will compound the already-sizeable job of boosting Deutsche’s financial performance.

Jul 9, 2015
via Breakingviews

Barclays investment bank is hardest to turn round

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

Barclays faces the biggest test in retooling its investment bank. Chief executives at the UK lender, Credit Suisse and Deutsche Bank have now all left, meaning new leaders will tackle their respective divisions’ futures. All three have lost market share to Wall Street over the last few years. But the UK bank’s shrinking broker-dealer revenue makes it the top contender for further slippage.

Jul 9, 2015
via Breakingviews

Barclays investment bank is hardest to turn round

Photo

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

Barclays faces the biggest test in retooling its investment bank. Chief executives at the UK lender, Credit Suisse and Deutsche Bank have now all left, meaning new leaders will tackle their respective divisions’ futures. All three have lost market share to Wall Street over the last few years. But the UK bank’s shrinking broker-dealer revenue makes it the top contender for further slippage.

    • 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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