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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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.
The Scottish bank reckons cost cuts, rising interest rates, capital returns and more business will boost its poorly performing U.S. unit. Granted, all this might create decent enough returns to justify the price. But RBS is painting too pretty a picture of Citizens’ independence.
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