• Mon
  • Sep 22, 2014
  • Updated: 1:02pm

Banking

Juniors feel pain of Hong Kong banks' 'transition'

This is the season of hiring and firing in Hong Kong's financial community.

Hundreds of junior-level jobs have been axed at several major international banks in the city so far this year. But it's a different story when it comes to top positions.

Tuesday, 23 October, 2012, 3:57pm

Jefferies & Co hires former RBS China boss

Jefferies & Co has hired former China chairman and chief executive of Britain’s Royal Bank of Scotland (RBS) to help the New York-based firm expand its investment banking business in Asia, the world’s fastest growing economic region.

16 Oct 2012 - 3:57pm

Hong Kong banks and bankers seek cheaper rents

Banks and bankers are on the move in Hong Kong, searching for less expensive corporate and personal digs as the city's rents head ever higher.

19 Oct 2012 - 12:05pm

Global banks hiring staff in China

Banks are shedding staff around the world to cut costs this year with the exception of the mainland, where several European lenders are hiring to support the expansion of their networks.

Three European banks - Britain's HSBC and Standard Chartered, and Germany's Deutsche Bank - are hiring people for various functions on the mainland, according to headhunting sources.

15 Oct 2012 - 8:39am

China's slow bank privatisation continues

I've often suggested the controversial idea that Beijing should consider re-privatising its big-four state-owned banks, as all of them still act largely like socialist-era policy lenders rather than the commercial-focused banks they were supposed to become after making IPOs starting in the mid-2000s. 

12 Oct 2012 - 1:49pm

Private bankers in Hong Kong could face axe

Global banks that hoped to make Hong Kong a platform to win rich mainland clients are now under growing pressure after disappointing market performance to begin sacking staff to save costs.

11 Oct 2012 - 8:58pm 1 comment

Diaoyus dispute affecting financial ties as Chinese banks pull out of Japan summits

The withdrawal of Chinese banks from upcoming global banking summits in Japan shows that the territorial row between the two Asian economic powers is already taking its toll on international financial relations.

4 Oct 2012 - 4:47am

Is it really so bad to be laid off?

Getting laid off sounds tough, but for a highly paid banker it is not always such a bad fate.

In the latest round of financial industry lay-offs that began over summer, hundreds of Asian-based jobs have been lost. The toll has been heavier in the United States and Europe.

23 Oct 2012 - 4:03pm 1 comment

Factbox of HSBC money laundering probes

HSBC Holdings has been investigated by 11 US law enforcement agencies or regulators, and a US Senate panel for lapses in policing illicit financial transactions. Fines, penalties and a settlement could total US$1 billion or more.

 

Here is a look at the probes:

26 Sep 2012 - 12:49pm

PR industry booms despite tough times

Deals may be drying up for bankers, but that is proving a boon for their spin doctors in Hong Kong and Shanghai.

As a financial journalist, I have been getting more and more invitations to events and pitches to do interviews.

When I asked public-relations people the reason for the sudden flurry, they pointed to two factors.

9 Nov 2012 - 8:11pm

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