SG
Daily Dispatches: more RMs for SCB
29 July 2009
Standard Chartered says it's looking to hire 300 relationship managers in Singapore. This would more than double its current RM headcount. (938 Live)
The chief architect of the sale of Lehman Brothers’ Asian business to Nomura is to quit the combined operation, a move expected to reignite concerns over its successful integration. Jasjit “Jesse” Bhattal, chairman of Nomura’s regional investment banking unit outside Japan, has told colleagues and clients he intends to relinquish his post by the end of the year. (Financial Times)
Macquarie expects profit for the first half of fiscal 2010 to fall by about 28 per cent from the previous corresponding period as market conditions remain tough and the cashed up bank looks to growth opportunities over the medium term. (Daily Telegraph)
Record lending has hiked fears that the asset quality of mainland China banks has fallen amid concerns over how the central bank may end its currently loose monetary policy.The People's Bank of China warned yesterday that capital adequacy ratios at banks have declined rapidly due to the lending surge. (The Standard)
NAB’s domestic Australian spending spree claims a further scalp today with a $99m deal that will see it acquire an 80 per cent stake in the wealth management business of Goldman Sachs JBWere. (The Age)
