Business
HSBC to cull underperformers as some bankers face zero bonuses
It wants to emulate its Wall Street rivals with a more hard-edged, “eat-what-you-kill” stance Holdings is preparing to hand some bankers…
Tag
Bankers
Business
Asia loan bankers brace for competition, thinner margins in 2026
Loan bankers in Asia are bracing for an increasingly competitive market that is squeezing the returns they earn on lending, as they…
Business
Senior loan bankers depart Mizuho, SMBC after Asia volumes slump
SEVERAL senior loan bankers at Mizuho Financial Group and Sumitomo Mitsui Banking Corp. have left their roles in Asia, amid a slump in…
Business
Global central bankers defend Fed’s Powell after Trump threat
Central bankers fear that political influence over the Fed would erode trust in the bank’s commitment to its inflation target The chiefs…
Business
Inside Singapore’s AI bootcamp to retrain 35,000 bankers
The Government is working hand in glove with the country’s largest banks to teach new technology skills Kelvin Chiang knew the five…
Business
Asia bankers fear US scrutiny of loans involving chips, China
The backlash against US capital flowing into an AI ecosystem linked to Chinese firms can be swift SOME bankers in Asia are starting to…
Business
HSBC’s senior bankers hid behind co-head roles, CEO Georges Elhedery says
Since taking charge, he has nearly halved the size of the bank’s operating committee HSBC’s chief executive officer Georges Elhedery said…
Business
Nomura sends bankers to New York, London in asset manager push
Nomura Asset Management plans to relocate dozens of staff from its Tokyo headquarters to offices in cities such as London and New York to…
Business
Race for talent is on as bankers brace for IPO boom in Vietnam
Vietnam’s potential upgrade to emerging-market status by FTSE Russell in September has investment banks bulking up staff in anticipation…
Business
Bankers groan at UK tax rise even as lenders rally after budget
New tax rates for dividends, property and savings income and a decision to tinker with the treatment of cash savings accounts added to the…
Business
HSBC’s Swiss private bank boosts some bankers pay to stem exits
The Swiss arm has been increasing compensation of staff, including relationship managers HSBC Holdings’ Swiss private bank is boosting the…
Business
Gold bugs’ bankers take a step back in time
Clients increasingly want to hold gold as a portfolio hedge, so banks are responding with old-fashioned customer service and commensurate…
Business
Former Citi, Julius Baer bankers to plead guilty in S$3 billion money laundering scandal
TWO former bankers at Citigroup and Julius Baer Group are set to plead guilty for their alleged roles in aiding the movement of illicit…
Business
Goldman Sachs profit jumps as bankers cash in on big deals
Goldman Sachs’ quarterly profit jumped more than 37 per cent on Tuesday (Oct 14) as its investment bankers earned higher advisory fees and…
Business
Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause
Despite the departures, Goldman still tops Wall Street’s league tables for mergers and acquisitions Goldman Sachs has lost more than a…
Business
MUFG is hiring more bankers in Japan wealth management push
Backing the shift to this strategy is the government’s multi-year drive to get households to invest more Japan’s largest bank is…
Business
Barclays hires 3 private bankers from JP Morgan, LGT, Deutsche Bank for Singapore
British lender also relocates senior banker from London as it expands coverage across Asia Barclays Private Bank in Singapore has hired…
Business
Hong Kong bankers pack luxury hotels near offices for typhoon trading
Ragasa has pushed some conferences and forums scheduled for Wednesday and Thursday online, including a gathering on fixed income and…
Business
Westpac to hire hundreds of bankers in business lending push
It’s expanding this presence with three new service centres in regional New South Wales, Victoria and Tasmania Westpac Banking plans to…
Business
ANZ bankers learn about job losses after e-mail error: report
The Melbourne-based bank is in the midst of a major restructure under new chief executive officer Nuno Matos Some ANZ Group Holdings…
Business
Wall Street hires more senior bankers as growing confidence spurs deal rebound
Wall Street banks have hired dozens of senior executives in recent months, as improved economic sentiment has spurred mergers and IPOs…
Business
US Fed’s Jackson Hole exposes hard road ahead for central bankers
The US Federal Reserve’s annual gathering in the Rocky Mountains is usually a time for central bankers and their wonky friends to kick…
Business
Junior bankers win up to 30% pay hikes in Hong Kong deals boom
Citic Securities and other Chinese brokers are raising pay levels again for junior bankers in Hong Kong to boost retention and handle a…
Business
Citi targets Middle East ultra-rich with push to hire private bankers
Citigroup’s private bank is planning a hiring drive for the Middle East region as part of the Wall Street giant’s global expansion of its…