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 Wall Street firm’s Q3 results show boss Ken Jacobs short of his 25 pct margin target for the year. Getting there requires a fair drop in pay in the final quarter. But rising revenue from the urge to merge should allow him to balance the interests of bankers and shareholders.
The home to GM, Ford and Chrysler revised a law to ensure the electric carmaker can’t sell directly to customers. It’s a rich decision for an industry with a history of lobbying for freer trade. A groundswell against the farcical dealer model, however, should in time win the day.
During an off-the-record self-examination by Wall Street, Fed bigwigs outlined ideas for pay structures, risk management and personal and institutional punishment. Some of it sounds sensible, some unworkable and some nostalgic. And official failings still need addressing, too.
- Morgan Stanley homes in on underwhelming target
- Goldman pulls every lever to make machine run
- BofA gives investors more to fear than cheer
- Jamie Dimon returns to challenges old and new
- Fiat Chrysler spins onto NYSE with hefty price-tag
- Investors' Tesla tantrum exposes valuation mess
- Traders need help to make Wall Street shine