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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Sao Paulo, a city of 20 mln, is running out of H2O thanks to creaky infrastructure, political battles, a record drought and Amazon deforestation. The humanitarian and economic cost would be immense if supplies dried up. The fiasco should drive other metropolises to action.
The two-year investigation into Wall Street’s ownership of oil and other physical holdings is bigger on assertions than new evidence. But its warnings about capital shortfalls and systemic hazards ring true. They’re problems that need fixing regardless of the type of asset.
The German giant is quitting parts of a once-lucrative product it used to dominate – credit default swaps. Regulatory changes are in part to blame. CDS can still be useful tools. But weaker balance sheets than U.S. peers’ make it hard for Deutsche and European banks to trade.
- New Goldman partners arrive in chastened times
- U.S. bank deal signals next phase of sector M&A
- UBS and Credit Agricole win small for simplifying
- JPMorgan makes Citi's forex excuse look a tad lame
- Bank synchrony hints at right kind of collusion
- Citi's legal misery better have some company
- M&A boom puts Lazard earnings goal in sight