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Daily Dispatches: Job losses Down Under as RBS shuts down FICC

RBS cuts 80 Australian jobs in fixed income, commodity and currency trading. Some of these roles will be moved into Singapore and London.(The New York Times)

Chinese bankers will probably see double-digit wage growth, while their colleagues in Singapore and Tokyo won’t see much in salary increments.(Bloomberg Businessweek )

More on mainland pay: Salaries for Chinese equity managers have improved a great deal and are now “almost in line with international norms”. (AsianInvestor)

Bank of China’s first senior foreign banker and global head of ECM, Marshall Nicholson, has left the firm after five years. He is expected to move into another Chinese firm, CICC. (FinanceAsia)

Here’s why ANZ should team up with mainland banks. (The Sydney Morning Herald)

Those from the upper income brackets are more likely to be unethical candy-snatching liars and cheaters.(Bloomberg)

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