Sideways: Buffett and Icahn – old dogs stick to old tricks

Sideways: Buffett and Icahn – old dogs stick to old tricks

June 04, 2019
By JON MACASKILL

Veteran investor Carl Icahn has filed a lawsuit accusing Occidental Petroleum chief executive Vicki Hollub of being played by Warren Buffett in accepting aggressive terms for a $10 billion financing from Berkshire Hathaway to complete an agreed bid of around $56 billion for Anadarko.

Macaskill on markets: Apple and the IT spending serpent

Macaskill on markets: Apple and the IT spending serpent

June 03, 2019
By JON MACASKILL

As technology spending escalates, financiers now face a temptation to reframe costs as an investment in future growth, safe in the knowledge that it is extremely difficult to check their assertions.

Sideways: Priam and the AI Trojan horse

Sideways: Priam and the AI Trojan horse

May 03, 2019
By JON MACASKILL

Bank of America is reportedly excited about the potential of a tool it calls the Predictive Intelligence Analytics Machine, or Priam.

Sideways: Deutsche Bank's Garth Ritchie – the Brexit thinker

Sideways: Deutsche Bank's Garth Ritchie – the Brexit thinker

April 03, 2019
By JON MACASKILL

The news that Garth Ritchie, head of investment banking at Deutsche Bank, is being paid €250,000 a month for extra responsibility 'in connection with the implications of Brexit' has been condemned in Germany, where politicians and union leaders are preparing to oppose a potential merger with Commerzbank and associated job cuts.

Sideways: JPM Coin – to ubiquity and beyond!

Sideways: JPM Coin – to ubiquity and beyond!

February 28, 2019
By JON MACASKILL

JPMorgan is trying to advance its master plan for global fintech domination with a discipline that is often lacking in a sector better known for wildly over-promising than actually delivering practical solutions.

Sideways: The Fed – I’m a central banker... get me out of here!

Sideways: The Fed – I’m a central banker... get me out of here!

January 04, 2019
By JON MACASKILL

As Mario Draghi begins his victory lap before stepping down as president of the ECB in October 2019 and his colleagues get down to the serious business of competing for the succession, they will no doubt give thanks that they do not face trial by Twitter in the same way as Federal Reserve chairman Jay Powell.

Macaskill on markets: Saudi Arabia – The tricky business of ethics

Macaskill on markets: Saudi Arabia – The tricky business of ethics

October 31, 2018
By JON MACASKILL

Saudi Arabia’s central bank governor recently gave international banks a clear signal that they will not be punished by a loss of fees for avoiding an investment conference in Riyadh due to public outrage over the murder of journalist Jamal Khashoggi.

Sideways: Ken Moelis – Ken of Arabia sticks to one costume

Sideways: Ken Moelis – Ken of Arabia sticks to one costume

October 31, 2018
By JON MACASKILL

Ken Moelis lived up to his nickname ‘Ken of Arabia’ when he showed up at the Saudi Future Investment Initiative conference in Riyadh in late October in his brave pursuit of future fee income despite the risk of international opprobrium.

Sideways: Dick Fuld – my part in his downfall

Sideways: Dick Fuld – my part in his downfall

September 03, 2018
By JON MACASKILL

As the 10th anniversary of the failure of Lehman Brothers arrives, I have been asked to share my reminiscences of when I realized a global credit crisis was looming and why so many senior financial figures ignored my warnings.

Sideways: The Jamie Dimon ex-deputies club

Sideways: The Jamie Dimon ex-deputies club

August 02, 2018
By JON MACASKILL

If JPMorgan CFO Marianne Lake becomes the banker most likely to succeed Jamie Dimon as chief executive before mysteriously deciding to pursue interests outside the group, she will be in good company.