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Asia’s bankers stay busy in a meltdown

The global financial crisis has taken hold in the region, leading to a drastic slowdown in traditional capital-raising. With job cuts expected soon, investment bankers are working hard to meet nervous clients’ needs and perhaps simultaneously save their own jobs. Lawrence White reports.

Open for business: who’s still printing deals in Asia?
Asia-Pacific (ex Japan) core investment banking bank revenue ranking, Q3 2008
Pos. Bank Net revenue ($mln) % share
1 Macquarie Group 74 8.3
2 Deutsche Bank 73 8.1
3 Goldman Sachs 66 7.3
4 JPMorgan 53 5.9
5 Merrill Lynch 53 5.9
6 UBS 52 5.8
7 Morgan Stanley 41 4.5
8 Credit Suisse 34 3.8
9 Citi 31 3.5
10 Nomura 25 2.8
Total 901 100
Asia-Pacific (ex Japan) core investment banking bank revenue ranking, Q4 2008 (to Nov 17)
Pos. Bank Net revenue ($mln) % share
1 UBS 45 12.6
2 JPMorgan 34 9.6
3 Credit Suisse 25 7.2
4 Citi 24 6.8
5 Merrill Lynch 23 6.3
6 Macquarie Group 20 5.6
7 Goldman Sachs 16 4.6
8 Morgan Stanley 15 4.1
9 RBS 9 2.7
10 CICC 9 2.5

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