☰ Menu eFinancialCareers

Daily Dispatches: why Asia still likes bankers

CIMB-GK Securities will be hiring aggressively in Singapore this year, beefing up its number of dealers by 100 to 500 as it seeks to become one of the top players in the local retail broking sector. (Asia One)

When it comes to pay, Wall Street could learn a thing or two from Singapore. Outsize bonuses at big banks and securities firms have never been more controversial. Governments are on the warpath, imposing bonus taxes and new rules to force bank paymasters to change the way they compensate their talent. (Wall Street Journal)

One notable feature of banker-bashing in Asia: there isn’t any. Just the opposite, in fact. While authorities in the US and Europe are waving truncheons, their counterparts in Asia are using the aftermath of the credit crisis to loosen, rather than tighten regulations.
(Financial Times)

Bank of China, the country’s largest foreign exchange lender, said on Friday that it planned to sell up to Rmb40bn ($5.86bn) of convertible bonds to replenish its capital following a year of unprecedented loan growth in China. (Financial Times)

Bank of Japan policy makers are prepared to consider expanding an emergency-loan program for banks and increasing purchases of government debt should the recovery falter, people with knowledge of the matter said. (Bloomberg)

Macquarie Infrastructure Group fell as much as 13 percent in Sydney following a January 22 vote by shareholders to approve a restructuring of the company and the board valued its portfolio at A$5.08 billion as of Dec. 31, compared with A$5.09 billion on June 30. (Bloomberg)

Comments (0)

Comments

The comment is under moderation. It will appear shortly.

React

Screen Name

Email

Consult our community guidelines here