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 German bank is quitting energy and base metals trading. That should free up capital without hurting results. It’s a helpful step that others like Barclays and BNP Paribas may follow. It won’t, however, fully solve the bigger problem of a swoon making profits elusive for all.
U.S. watchdogs may soon adopt a stricter version of the law banning prop trading than expected. That may impede banks’ ability to hedge risk and trade for clients. Using a blend of metrics to raise red flags and regulatory power to intervene would be smarter and more realistic.
The electric car maker’s shares revved up 15 pct after a positive Wall Street report. Fears over recent Model S fires had taken the high-flying stock down to an almost defensible 27 times 2016 profit. Now shareholders are again showing too much faith, too soon, in CEO Elon Musk.
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