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
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A former Morgan Stanley banker must repay Hong Kong investors $3 million in illegal trading gains. The ruling is another warning for would-be insider traders. But few cases are quite so clear-cut. Investors hoping for a rush of future compensation payments will be disappointed.
The Spanish group is buying 8 percent of Bank of Shanghai in a tie-up worth 470 million euros. The deal comes as Western banks, including rival BBVA, have been selling out. Though the investment helps the Chinese lender’s IPO ambitions, the benefits to Santander are less clear.
Since regulators published a list of systemic institutions in 2011, the banks concerned have boosted capital and tamped down their balance sheets. But smaller lenders, particularly in Europe, have done the same. The “too big to fail” club turns out not to be too harsh after all.
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- StanChart’s setback isn’t a turning point
- Thailand's biggest economic risk is politics
- The "Abe put" will keep Japanese equities buoyed
- QE’s surprising beneficiaries: taxpayers
- White male banker jabs at finance’s glass ceiling
- U.S. investors’ love of tech defeats fear of China