Credit Suisse may slash compensation for bankers in Asia by as much as 20 per cent. Still, that’s better than the 30 per cent cut the firm is inflicting on some senior bankers in other regions. (Bloomberg)

The Islamic Bank of Asia has made two senior appointments – a Singapore-based head of i-banking and a representative for the firm’s Bahrain office. (FinanceAsia)

As other European firms retreat from Asia, Standard Chartered continues to stay bullish on the region, especially in commodities and shipping, as well as in countries like India and Indonesia. “It gives us an opportunity to scale up market share, and second, it gives us a little bit of pricing advantage,” says the firm’s Asia chief executive. (The Wall Street Journal)

Deutsche Bank’s Josef Ackermann is as much a part of the Davos scene “as rock star Bono, winter boots and roof-top snipers, often followed by a scrum of Swiss reporters.”(Bloomberg)