Antony Currie has more than a decade of experience as a financial journalist, having worked with Euromoney since 1996, most recently as a US editor. He has worked on assignments in the major financial centres of Europe and the US and written stories on capital markets, global economies and the investment banking industry. He holds a bachelor's degree in German language and literature and a master's degree in politics and international relations from the University of Bristol. Follow Antony on Twitter @AntonyMCurrie
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The financial crisis has forced financiers to change the way they do business. Bad cultures and behaviors are hard to root out, though. Witness JPMorgan’s whale of a loss. A whistleblower has revealed similar troubles at the New York Fed. Regulators also have toughening up to do.
Vanity Fair has named the Tesla boss disrupter of the year. His leading role in autos, solar power, commercial space exploration and the hyperloop idea make it well deserved. Tesla’s stock is overvalued – as he smartly acknowledges. A crash would unfairly tarnish his reputation.
That’s the amount of future dividends and buybacks that may vanish under Wall Street nemesis Daniel Tarullo’s surcharge plan. Their absence will dash hopes for higher returns, and the proposal’s link to short-term funding could boost borrowing costs. But it’s not all bad news.
- RBS puts lipstick on Citizens for $14 bln IPO
- LendingClub IPO mixes disruption with confusion
- Wall Street's canary sings another off-key tune
- One man may single-handedly revive U.S. bank M&A
- Virgin America needs clear skies for IPO to fly
- BofA swaps legal fight for earnings battle
- Bank living-will flop may open door for boutiques