Company: Fitch

Daily Dispatches – S Korea’s massive data theft sees widespread suspension of companies, services

The recent theft of the personal data of 20 million cardholders in South Korea has prompted the government to take drastic action. Asia Insurance Review reports that the country’s financial…

Daily Dispatches – Salad days for Aussie banks may be over

Credit rating agency Fitch Ratings has warned that a weakening economy and increased competition will create a more challenging environment for Australian bank profits. The Sydney Morning Herald…

Daily Dispatches – Fitch warns that 2014 will be tough for banks in emerging Asia

Banks in emerging Asia will need to brace themselves for a challenging year ahead, says ratings agency Fitch in its 2014 Outlook: Asia-Pacific Banks review. Fitch says that nearly…

Daily Dispatches – Philippines calls for Asian ratings agency

The island nation has called for the establishment of an Asian-focused ratings agency amidst rising concerns about the relevancy and dominance of the big three agencies, Fitch, S&P…

Daily Dispatches – Battle for India’s unbanked

Indian public sector banks will continue their huge hiring spree, with the Finance Ministry telling local media that 10,000 new branches will be established, and another 50 000…

Daily Dispatches – Dragons versus worms

There is a Chinese proverb that says that with money you are a dragon; with no money, a worm. But there is another that says flaunting wealth will…

Daily Dispatches – Over 100 traders lose jobs in Singapore interest rate fiasco

More than one hundred trading jobs could be up for grabs in Singapore after the country’s monetary authority, MAS, came down hard on 20 banks on Friday for…

Growth companies creating six-figure jobs in finance

If you want to find a niche area of financial services that is both growing (for the moment) and creating highly paid jobs, try the ratings agencies. While…

Thursday’s Headlines: How One Harvard Business School Grad Paid Off $100K in 7 Months

First, the bad news: The median student debt for an MBA from a top 10 business school from the Class of 2011 is $88,500. Wharton grads top the…

Friday’s headlines: SEC scrutinizes credit rating analysts’ moves to Wall Street

  Regulators are scrutinizing the fact that over the past five years, 136 analysts at credit-rating firms Moody’s, S&P and Fitch have left to work for the firms…

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