The Great Debate

from Breakingviews:

Rob Cox: Fragility bigger worry than volatility

October 21, 2014

By Rob Cox

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

from Breakingviews:

Why Citigroup would be better in bits

September 2, 2014

By Rob Cox

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

Nine years ago, Breakingviews proposed an “extreme idea” to Citigroup’s then-leader Charles Prince. The $240 billion New York bank’s market capitalization was lower than the worth of its parts valued separately. By splitting into three separate units, the idea was, Prince could hand shareholders an extra $50 billion or so, the equivalent of one entire U.S. Bancorp at the time.

from Breakingviews:

Memo to Wall Street: more Ace Greenberg please

July 25, 2014

By Antony Currie

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

from Hugo Dixon:

EU needs more non-bank finance

By Hugo Dixon
June 2, 2014

The European Union needs more non-bank finance. Banks are on the back foot. On their own, they won’t be able to fund the jobs and growth the EU is desperate for. Non-bank finance needs to take up the slack.

from Breakingviews:

Rob Cox: The worry now is a brewing M&A bubble

May 13, 2014

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

In the Netherlands, bankers turn to God — by law

By Peter Gumbel
February 12, 2014

 

Lloyd Blankfein, the chief executive officer of Goldman Sachs, once famously said he believed banks were doing “God’s work.” Now, the Netherlands is going one step further: starting later this year, all 90,000 Dutch bankers will have to swear an oath that they’ll do their “utmost to maintain and promote confidence in the financial-services industry. So help me God.”

Transforming Post Offices into banks

By Helaine Olen
February 5, 2014

The U.S. postal service inspector general put out a report last week suggesting an intriguing way to shore up the ailing institution’s finances: Let the mailman double as a bank teller.

What’s your bank worth?

By Michael Maiello
February 26, 2013

Half a decade has passed since the financial crisis, and yet the behemoth banks that caused economic chaos remain much as they were before – influential, opaque and potentially dangerous. It doesn’t have to be this way. Radical transparency could not only boost the industry, it could safeguard the economy. Forget “mark to market” and quarterly filings. Require every bank to report the value of its assets and liabilities on a daily basis. Don’t believe it can’t be done. Realize that it must be.

How to do PR for banks

February 20, 2013

Big banks — at least in Europe — are putting on a new, highly branded, and more contrite face.  Barclays is embarking on something it calls “Project Transform”’; Deutsche Bank has announced its “2015+” strategy and is pushing for what its CEO has called “deliberate” “uncomfortable change”. UBS has its own 2015 strategy, and the head of its investment banking unit publicly proclaimed that the industry has become “too arrogant, too self-convinced”.

Banks thrive, while homeowners still suffer

By Mark Ladov
February 20, 2013

A year ago the federal government and 49 states completed a $25 billion agreement with the nation’s largest mortgage servicers to settle claims of “robo-signing” and unlawful foreclosure practices. President Barack Obama announced the creation of the federal-state mortgage securities working group in his 2012 State of the Union address. The nation seemed on the verge of transforming the way banks treat struggling homeowners ‑ particularly those with “underwater” mortgages, in which a homeowner owes more than the house is worth.