Peter's Feed
May 15, 2015
via Breakingviews

HSBC in 2020: An imagined letter to shareholders

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Breakingviews imagines the letter that HSBC’s Chairman might write to shareholders six years from now.

May 13, 2015
via Breakingviews

U.S. trade setback more diplomatic than economic

Photo

 The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

America’s claim to global economic leadership has suffered another blow. After China’s coup in getting 57 countries to join its new Asian infrastructure bank, the United States Senate has delayed a bill that would have given President Barack Obama authority to negotiate a new Pacific trade pact. The damage to American diplomacy is clear, but for the world economy it’s less severe.

May 7, 2015
via Breakingviews

Australian bank crisis-proofing takes toll on NAB

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

National Australia Bank has jumped out of the blocks in the race to raise capital. It is issuing shares worth A$5.5 billion ($4.4 billion) in the expectation that Australian regulators will soon force the country’s biggest lenders to fund themselves with more equity. Shoring up the industry before it runs into trouble makes sense. For investors, though, the era of supercharged returns is ending.

May 7, 2015
via Breakingviews

Australian bank crisis-proofing takes toll on NAB

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

National Australia Bank has jumped out of the blocks in the race to raise capital. It is issuing shares worth A$5.5 billion ($4.4 billion) in the expectation that Australian regulators will soon force the country’s biggest lenders to fund themselves with more equity. Shoring up the industry before it runs into trouble makes sense. For investors, though, the era of supercharged returns is ending.

May 5, 2015
via Breakingviews

HSBC revival overshadowed by existential questions

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

HSBC’s revival is overshadowed by its existential angst. Higher investment banking revenue and fewer bad loans helped boost first-quarter results at the global bank, offering a welcome respite from restive shareholders and political uproar over Swiss tax. However, HSBC’s longer-term fortunes depend on how it answers three big questions.

May 5, 2015
via Breakingviews

HSBC revival overshadowed by existential questions

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

HSBC’s revival is overshadowed by its existential angst. Higher investment banking revenue and fewer bad loans helped boost first-quarter results at the global bank, offering a welcome respite from restive shareholders and political uproar over Swiss tax. However, HSBC’s longer-term fortunes depend on how it answers three big questions.

May 5, 2015
via Breakingviews

China’s investment bank wannabes face long march

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Just when the world appeared to be running low on investment banks with global aspirations, along comes Haitong Securities. The Chinese broker plans to hire hundreds of international bankers to help fulfill its aim of becoming a “world leading investment bank”, its deputy chief executive has told the Financial Times. The notion of China producing a rival to Goldman Sachs or Morgan Stanley is not as far-fetched as it once may have seemed. But the challenge is huge, and the rewards less enticing than they were.

May 5, 2015
via Breakingviews

China’s investment bank wannabes face long march

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Just when the world appeared to be running low on investment banks with global aspirations, along comes Haitong Securities. The Chinese broker plans to hire hundreds of international bankers to help fulfill its aim of becoming a “world leading investment bank”, its deputy chief executive has told the Financial Times. The notion of China producing a rival to Goldman Sachs or Morgan Stanley is not as far-fetched as it once may have seemed. But the challenge is huge, and the rewards less enticing than they were.

Apr 15, 2015
via Breakingviews

China’s stock market is poor proxy for its economy

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s economy is growing at its slowest rate in six years. Yet the Shanghai stock market is at seven-year highs. The disconnect seems strange, but is not unusual. Until equity starts to play a bigger role in financing Chinese business, the link between share prices and the broader economy will remain hard to discern.

Apr 15, 2015
via Breakingviews

China’s stock market is poor proxy for its economy

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s economy is growing at its slowest rate in six years. Yet the Shanghai stock market is at seven-year highs. The disconnect seems strange, but is not unusual. Until equity starts to play a bigger role in financing Chinese business, the link between share prices and the broader economy will remain hard to discern.

    • About Peter

      "Peter is Assistant Editor of Reuters Breakingviews, based in London. 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