Sector: Corporate banking

Why bread and butter banking is better

Traditional banking skills are coming back into fashion. In both Hong Kong and Singapore, transactional banking – incorporating functions such as cash management, trade finance and custodianship – is weathering the financial storms better than more glamorous financial job functions. “As a working capital business integral to corporate/wholesale banking, the areas of cash management, trade [...]

By Simon Mortlock, February 27 2009 • 4 Comments

Will local banks let corporate lending opportunity slip?

As lending activity at US and European banks continues to be significantly curtailed, a Nikkei report says Japanese companies are increasingly turning to domestic banks for loans. But anyone who thinks this might lead to a surge in corporate banking recruitment could be disappointed. Nikkei quotes a Bank of Tokyo-Mitsubishi UFJ executive, who says the [...]

By Rob Goss, December 2 2008 • 0 Comments

Jobs at Japanese banks most shielded from subprime

Japanese financial firms racked up subprime losses of about US$8bn as of the end of March, according to a recent Financial Services Agency report , but the locals still aren’t axing jobs like the bulge bracket. While international players such as Merrill Lynch, Morgan Stanley and UBS are on a post credit crunch culling spree [...]

By Rob Goss, June 17 2008 • 0 Comments

Lehman and Bear to draw blood in Asia?

Will the crisis at Bear Stearns, and Lehman’s plan to axe 5% of its global workforce, mean heads will roll in Asia? Lehman is making no formal comment on the plans but it’s understood that while cuts will be made across all businesses in all regions, the majority of the redundancies will bite in the [...]

By Sarah Butcher, March 17 2008 • 0 Comments