Top investment banks have been forced to choose between two important clients - bitter rivals Alibaba and JD.com the mainland's largest e-commerce firms.
Both companies are planning to list in New York.Friday, 21 March, 2014, 12:27am 2 comments
Offers from multinational investment banks were down about 30 per cent so far this year, the university's director of careers and placement, Herman Chan Ping-kong, said as he released results of the survey on the career development of 3,500 graduates.30 Apr 2013 - 3:53am
The bank's co-chief executives, Juergen Fitschen and Anshu Jain, are restructuring operations and bolstering capital levels, the lowest among Europe's biggest investment banks, in their first year in charge, to help meet stricter banking rules.1 Feb 2013 - 5:38am
Leaders of the world's biggest banks, from Citigroup's Vikram Pandit to Barclays' Bob Diamond, have failed to honour promises made in Davos to restore trust in their industry after the financial crisis.24 Jan 2013 - 4:58am
Goldman Sachs, the securities firm that set a compensation record on Wall Street in 2007, is now demonstrating how little it can pay.
The portion of revenue allotted for salaries, bonuses, stock awards and benefits was 38 per cent last year, down from 42 per cent a year earlier and the lowest since 2009, the company said on Wednesday.18 Jan 2013 - 5:27am
It's all about timing, especially in one key area of investment-fuelled Hong Kong: the property sector. So what's the best time to dive in?14 Dec 2012 - 10:55am
The initial public offering of People's Insurance Co (Group) of China last week was notable as Hong Kong's largest in two years. Bankers still do not anticipate it augurs a new round of big share sales by mainland firms.7 Dec 2012 - 4:44am
Families join forces to grow wealth, writes Andrea Li.19 Nov 2012 - 1:27am
Private-equity investors in China may have to worry about their reputations among mainland entrepreneurs, thanks to several unhappy cases of private equity investments that seemed more like gambling than investing.16 Nov 2012 - 9:57am
Wall Street banks are deflating their employees' pay expectations to avoid a replay of last year when cutbacks on bonuses and increased deferrals surprised bankers and traders.14 Nov 2012 - 2:58am
The more, the better. That seems to be the motto of companies looking to launch share offerings these days, with many of them lining up dozens of underwriters, compared with the four or five investment banks that would suffice in another time.14 Nov 2012 - 9:16am
As lawsuits mount from aggrieved parties in the Libor scandal, one party is keeping tight-lipped: Chinese investment institutions that are wary of revealing too much about their dealings.17 Sep 2012 - 5:03am
The Hong Kong office of Nomura fired almost 30 per cent of its research team yesterday as an uncertain global economic outlook forces the Japanese brokerage to cut costs.
According to people who asked not to be named, Nomura sacked 15 analysts out of a total of about 50. Globally, the company has 720 researchers, according to its website.13 Sep 2012 - 3:00am
Koji Nagai, who took over as chief executive last month at Nomura Holdings, Japan's largest brokerage, plans to make the firm's overseas operations profitable by June 2014.
"We are not going to lower the flag as a global bank," Nagai, 53, said. "We want be an Asia-based global investment bank."11 Sep 2012 - 9:26am
A few weeks ago, as they headed off for summer holidays, bankers thought better days for dealmaking must surely be ahead. Wrong.
With the market window for initial public offerings now looking more firmly shut, the banks have embarked on another round of lay-offs, even clipping some highly paid managing directors to cut costs.7 Sep 2012 - 10:50am