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Daily Dispatches: banks expect loans growth to slow

Three leading mainland banks expect growth in loans to slow down this year in response to a government warning to lend prudently to avoid asset bubbles. (The Standard)

A management reshuffle at Nomura, announced on Monday, has prompted a high-profile resignation at the Japanese bank amid signs that other departures could soon follow. Siggi Thorkelsson, head of equities in Asia, is leaving the bank following a reshuffle that will elevate Rachid Bouzouba, head of equities for Europe, the Middle East and Africa, to global co-head of equities. (Financial Times)

Prudential, the UK life assurer, plans to list in Hong Kong ahead of its $20bn rights issue, in a surprise move that could encourage local investors to buy shares in support of its US$35.5bn agreed deal to buy AIA, AIG’s Asian businesses. (Financial Times)

The Government of Singapore Investment Corp (GIC) is taking part in Prudential’s cash-call exercise as the insurer seeks funds to takeover AIA. (938 Live)

The latest Manpower Employment Outlook Survey, released today, revealed that hiring intentions in the Australian finance, insurance and real estate sector had risen by 22 per cent over the past quarter compared to just 14 per cent in the previous quarter. (Money Management

JP Morgan Chase has promoted its Hong Kong head of investment banking, Catherine Leung, to the role of Asia vice-chairman of investment, according to an internal memo seen by Dow Jones Newswires today. (The Australian)

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