Daniel Indiviglio is a Reuters Breakingviews columnist, based in Washington, where he covers the intersection of politics and business. He joined from The Atlantic, where he covered a similar beat, providing analysis on topics such as financial regulation, housing finance policy, the Treasury, and the Fed. He also wrote for Forbes. He is a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. Prior to becoming a journalist, Dan spent several years working as an investment banker and a consultant for financial services firms. He holds a BA from Cornell University, where he triple majored in economics, philosophy and physics. Follow Dan on Twitter @indiviglio
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A new U.S. government study suggests giant banks have lost the big funding-cost advantage they had over smaller ones in the crisis years. That suggests some success in making bailouts a thing of the past. The problem, though, is whether it sticks next time markets turn nasty.
The conglomerate is set to spin off Synchrony at some 11 times 2013 income, a small discount to Discover. But GE’s store-branded credit card business is riskier. A rise in charge-offs, currently near lows, could hit the unit quick and hard. That makes the offering look pricey.
It’s six years since the Lehman collapse infected supposedly cash-like mutual funds. The SEC is finally requiring market valuations for some and introducing possible limits and fees on withdrawals. Though tainted by messy compromises, the changes should reduce the risk of runs.
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- Wells Fargo may be leaving $90 bln on table
- U.S. may finally have a mortgage reform blueprint
- American experimentation with weed worth watching
- Robust U.S. jobs growth is more than a Q2 rebound