Dominic's Feed
Jun 27, 2014
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Review: Rebooting banking – with Google’s help

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 By Dominic Elliott

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

Brett King may be, as his own author’s note claims, “the foremost global expert on retail banking innovation.” But his latest book is let down by an excess of acronyms and gushing advertorial.

Jun 12, 2014
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Brazil’s companies need soccer team’s global clout

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By Dominic Elliott

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

Brazil’s corporate squad pales beside its soccer stars. The country’s national football side has unquestioned world-class quality in almost every position on the pitch. Yet if there were a World Cup for businesses, Brazil would struggle to get past the group stage.

May 16, 2014
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Review: Brazil’s toughest tests lie off the pitch

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By Dominic Elliott 

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

Michael Reid’s astute new book has a stark warning: the country of samba, sex and soccer is teetering on a knife-edge. “Brazil: The Troubled Rise of a Global Power” explains why protests against this year’s World Cup are turning increasingly violent. Reid, a journalist for The Economist, persuasively urges a return to the broad liberal consensus that served Brazil so well between 1994 and 2006.

Apr 16, 2014
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Credit Suisse still firing on one cylinder

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By Dominic Elliott

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

Credit Suisse is firing on one cylinder. The Swiss lender’s reshaped private banking arm is pulling in more money. But an 11 percent year-on-year dip in quarterly investment banking revenue shows its other main unit is still sputtering.

Apr 11, 2014
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Europe’s banks lose their cover on leverage ratio

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By Dominic Elliott

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

Europe’s banks have lost their cover on the leverage ratio. European lenders used to contend that American rivals had an easier ride on newly vogue-ish equity-to-asset yardsticks. New rules published on April 8 mean they can carp no longer.

Apr 11, 2014
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Europe’s banks lose their cover on leverage ratio

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By Dominic Elliott

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

Europe’s banks have lost their cover on the leverage ratio. European lenders used to contend that American rivals had an easier ride on newly vogue-ish equity-to-asset yardsticks. New rules published on April 8 mean they can carp no longer.

Apr 9, 2014
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Banks swap rewards for risk on public deals

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By Dominic Elliott

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

Investment bankers are wising up about reputational risk. Deutsche Bank and UBS are now loath to offer long-dated swaps to municipalities. New capital rules making it less attractive to enter into long-dated interest rate swaps partly explain why. But the legal tussles and bad publicity from dealing with public sector clients are a bigger factor.

Apr 9, 2014
via Breakingviews

Banks swap rewards for risk on public deals

Photo

By Dominic Elliott

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

Investment bankers are wising up about reputational risk. Deutsche Bank and UBS are now loath to offer long-dated swaps to municipalities. New capital rules making it less attractive to enter into long-dated interest rate swaps partly explain why. But the legal tussles and bad publicity from dealing with public sector clients are a bigger factor.

Mar 28, 2014
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Intesa’s spring cleaning heralds return to health

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By Dominic Elliott

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

Intesa Sanpaolo has joined rival UniCredit in mucking out the stables. The bank’s full-year results included a massive 6.8 billion euro goodwill hit on the half-dozen domestic mergers that turned it into the country’s largest retail bank. Along with a newly-created “bad bank,” the writedowns have spring-cleaned the books and will help Intesa pass the euro zone’s asset quality review and stress tests in September. But the main reason shares were up 5 percent on March 28 was the pledge that shareholders would receive 10 billion euros in cash payouts over the next four years.

Mar 28, 2014
via Breakingviews

Intesa’s spring cleaning heralds return to health

Photo

By Dominic Elliott

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

Intesa Sanpaolo has joined rival UniCredit in mucking out the stables. The bank’s full-year results included a massive 6.8 billion euro goodwill hit on the half-dozen domestic mergers that turned it into the country’s largest retail bank. Along with a newly-created “bad bank,” the writedowns have spring-cleaned the books and will help Intesa pass the euro zone’s asset quality review and stress tests in September. But the main reason shares were up 5 percent on March 28 was the pledge that shareholders would receive 10 billion euros in cash payouts over the next four years.

    • 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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