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Daily Dispatches: ICBC and CCB set to beat Goldman’s profits

Industrial & Commercial Bank of China and China Construction Bank will likely defend their status as the world’s two most profitable lenders when they report earnings this week, buoyed by the record credit that helped China lead the world economy out of recession. (Bloomberg)

Nearly a decade after a massive shake-up of the local banking scene, a key player involved in the tumult, banking veteran Peter Seah, is returning to the industry at Singapore’s biggest bank. (Asia One)

Barclays taking a 100m pound charge to quit retail banking in Indonesia and scale back operations in several other countries built up under its former head of retail banking. (Straits Times)

Standard Chartered has made another move in its effort to shift senior management away from London to its core emerging markets by basing the new head of the bank’s non-Asian business in Dubai. (Financial Times)

Citi has pulled off a major hiring coup in Australia with the recruitment of high-profile banker Karen Phin, as part of its ambitious plans to rebuild the investment bank. (The Australian)

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