
not a good year and the next few years for Equities?
Not as rosy as painted by FHs?
OR they are anticipating the crash coming?.....
Asia's investment banking and equities market has led to more casualties in Singapore, with CIMB Group Holdings letting go 15 employees, including prominent economist Song Seng Wun.
This follows a string of similar moves at other banks. Goldman Sachs is reportedly slashing its investment banking team in Singapore by about 30 per cent.
In January, StanChart said it would cut 200 jobs, mostly in Asia, as it exited the global institutional cash equities, equity research and equities capital market businesses. More cuts could be around the corner after the bank announced a major boardroom reshuffle last week.
Nomura, too, has removed 12 jobs at its Asia equities division to trim costs and focus on more profitable businesses. - See more at:
http://www.straitstimes.com/news/business/...h.MCIXq6c6.dpufThis post has been edited by yklooi: Mar 4 2015, 09:29 AM Attached thumbnail(s)