Insights
It’s Not Just Deutsche. European Banking is Utterly Broken
Jeremy Warner, The Telegraph A little while back I somewhat unwisely penned a column declaring the financial crisis essentially over. All I meant by this was that with the return of full employment and rising living standards, most of the economic wounds of the crisis had healed, at least in the US and the UK. Yet as […]
Things You May Not Know About the ‘Best Country for Expats’
Bryan Borzykowski, BCC A new HSBC report has again named the Lion City as the best place in the world for expats to live, after surveying about 27,000 people who rated 45 countries on subjects like salaries, experience and family. More than 60% found Singapore helped their career progression and that their earnings rose after […]
The Amazing Survival (So Far) of Deutsche Bank
Alan Kohler, The Australian It is quite amazing that Deutsche Bank has so far managed to avoid a run on its deposits — has a bank ever worked harder to earn insolvency than this one? A year ago it announced a new CEO followed by a $2.5 billion fine for rigging Libor and a massive […]
Fixing Gender Gap Worth $146b: CFSGAM
Larissa Waterson, InvestorDaily By taking measures to close the superannuation gap between men and women, the federal government could increase the aggregate superannuation pool by $146 billion, says Colonial First State Global Asset Management. According to Colonial First State Global Asset Management’s (CFSGAM) Power of Closing the Gap report, reducing the difference in superannuation balances between men […]
The Digital Revolution in Trade Finance
Stefan Dab, Sukand Ramachandran, Rajiv Chandna, Ravi Hanspal, Alenka Grealish, and Maarten Peeters, BCG Perspectives International trade has tripled as a share of global GDP since 1945, and banks have done well from it. Revenues from trade finance now total approximately $50 billion a year. But signs suggest that the good times may be ending, […]
Goldman Sachs Plan to Cut 25% of Asian Investment Banking Jobs
Cathy Chan, Bloomberg Goldman Sachs Group Inc. plans to cut about a quarter of its investment-banking jobs in Asia, excluding Japan, because of a slump in deal-making in the region, according to a person with knowledge of the matter. The New York-based bank plans to make the cutback of about 75 jobs in the region later […]