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Why crowdfunding threatens traditional bank lending

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Skip Navigation LinksHome :: Back Issues :: Asian market round up: Investment banks shake up senior staff

December 2008

Asian market round up: Investment banks shake up senior staff

The Asian units of the world’s leading investment banks have not been immune to the industry-wide job cuts being announced.


On November 17, HSBC in Hong Kong announced that 450 staff had been let go, and Goldman Sachs and Morgan Stanley both say that jobs in Asia will be lost as part of the 10% global headcount reductions announced. Other investment banking jobs in the region are sure to go. However, amid the expected...


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