Peter Thal Larsen
Peter is Asia Editor of Reuters Breakingviews, based in Hong Kong. He oversees coverage of financial services and regulation. Prior to joining Reuters, Peter spent 10 years at the Financial Times. From 2004 to 2009 he was the FT’s banking editor, leading the paper’s award-winning coverage of global banking during the credit crunch. Between 2000 and 2004 Peter reported for the FT from New York. He played a leading role in the paper’s coverage of the 9/11 attacks and their aftermath. A Dutch national, Peter has degrees from Bristol University and the London School of Economics. Follow Peter on Twitter @Peter_TL
- Tel: +852 2843 6300
- E-mail: email@example.com
Worries about bad debts and a sliding share price have raised doubts about Chief Executive Peter Sands’ future. The main challenge for the emerging market lender is to boost returns and retain capital as growth slows. If Sands leaves, his successor will face the same issues.
Mainland stocks dropped 5 pct after regulators temporarily banned three brokers from opening new margin-trading accounts. The controls may cool rather than kill Chinese investors’ new enthusiasm for shares. But it’s a reminder how much the market mania depends on borrowed money.
The emerging markets bank has pulled the plug on its share trading and underwriting arm, cutting 200 jobs. It’s a rational but still-rare step for a business that suffers from chronic overcapacity. Rivals will feel extra pressure to justify their decision to soldier on.
- China's superlative growth looks hard to sustain
- The too-big-to-fail club will shrink in 2015
- Chinese companies will mostly stay at home in 2015
- Protests made Hong Kong more hopeful, less certain
- Haitong's global ambitions start from low base
- Australia joins global race to top on bank capital
- Blackstone and GIC strike new sort of partnership