It’s the funding, stupid

November 29, 2010

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

The world is wasting a good crisis

November 22, 2010

Rahm Emanuel, President Barack Obama’s former chief of staff, popularized the motto that one shouldn’t waste a good crisis. But there is a severe risk that this is precisely what the world has been doing by being excessively soft in bailing out banks and countries since Lehman Brothers went bust in 2008.

UK bank pay collusion would be least bad solution

November 15, 2010

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

Letter from the Editor

October 25, 2010

Reuters Breakingviews is more used to commenting on other organisations’ behaviour than to having its own actions put under the microscope. But in the last week, as a result of retroactive disclaimers we made to a series of articles in order to clarify potential conflicts of interest, we have rightly been under scrutiny.

Asia should grab hot IPO money while it lasts

October 12, 2010

Hot money is the bugbear of policy makers in many developing economies. Just ask Brazil or, indeed, Thailand, which has just imposed a 15 percent withholding tax on interest and capital gains earned by foreign investors on Thai bonds.

Deutsche to kill two birds with one cash call

September 9, 2010

By Hugo Dixon and Peter Thal Larsen

Deutsche Bank is killing two birds with one cash call. The official reason for the planned 8-9 billion euro ($10-11 billion) rights issue will be to complete the acquisition of Postbank, the German retail bank. But the fundraising also provides cover for jumping to the front of the queue of German banks that will need to top up their capital as a result of upcoming tighter regulation.

Lloyds starts succession planning for CEO-source

August 3, 2010

LONDON, Aug 3 (Reuters) – Lloyds Banking Group (LLOY.L: Quote, Profile, Research, Stock Buzz) has
started formal succession planning for its chief executive Eric
Daniels although no date has been set for his departure, a
person familiar with the situation has told Reuters

Is Goldman rebasing comp at a lower level?

July 20, 2010

Is Goldman Sachs rebasing compensation at a lower level? For the second quarter in a row the investment bank’s compensation ratio has been only 43 percent. In the past, Goldman paid out around 50 percent of revenue to staff. For ordinary mortals, the numbers are still staggering: on an annualised basis, $545,000 is being set aside for each of the firm’s employees. But it does look like Goldman may finally be listening to its critics.

What’s your bonus really worth?

July 1, 2010

By Hugo Dixon and George Hay

What’s a bonus really worth? Under new European rules, bankers will see part of their bonuses retained, another chunk deferred and some may also be clawed back. The present value of a $1 million bonus could be cut to less than $800,000, according to Reuters Breakingviews calculations.

New UK coalition deserves 7 out of 10

May 13, 2010

— Hugo Dixon is a Reuters Breakingviews columnist. The opinions expressed are his own —