☰ Menu eFinancialCareers

Daily Dispatches: ICBC president warns of banking shortfall

China’s four biggest publicly traded banks could face a combined capital shortfall of at least Rmb480bn ($70bn) over the next five years, according to the president of Industrial and Commercial Bank of China, the world’s biggest bank by market value. All of China’s largest banks have announced plans in the past month to raise fresh capital to shore up their balance sheets after an unprecedented credit binge last year. (Financial Times)

David Ryan will return to investment banking at Goldman Sachs, taking on the position as co-head of investment banking for Asia ex-Japan together with current co-head Mark Machin, according to an internal announcement distributed to staff yesterday. (Finance Asia)

DBS, which hired Piyush Gupta as chief executive in November last year, paid him at least $4.2m for less than two months’ work, but this included sign-on bonuses. (Asia One)

Macquarie Group will substantially boost its aircraft leasing arm with its banking arm to acquire a portfolio of 53 aircraft for $US1.99bn from troubled US insurer American International Group. (Sydney Morning Herald)

Comments (0)


The comment is under moderation. It will appear shortly.


Screen Name


Consult our community guidelines here