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
The Australian lender plans to offload its Clydesdale unit after years of disappointing results. The improving British economy makes that a possibility. Even then, NAB needs stock markets – or prospective buyers – to play ball. And it will remain on the hook for past misconduct.
The emerging market lender’s earnings are sliding. Weaker economies, rising expenses and bigger bad debts are all to blame. Even with extra cost-cutting, it’s too early to say when StanChart’s fortunes will improve. Until the bottom line stabilises, investors will remain wary.
The “umbrella movement” has lasted a month, confounding predictions of apathy, chaos, or a Beijing crackdown. A compromise on democratic reform is as distant as ever. Yet Hong Kong’s mostly civil activists have changed the city’s political geography for good.
- Missed stock connection hurts China's reform drive
- Abenomics hits a speed bump, not a road block
- Tianhe investors sell first, ask questions later
- China's real estate trophy hunt has further to run
- Chinese banks learn Western capital tricks
- Crisis at Sony could spark long-overdue change
- Alibaba's small IPO hike leaves room for believers