Investment Banking
Weekly Global News Wrap Up: Losing banking jobs to EU imperils financial stability; Which US banks will benefit the most from tax cuts?
And Wells Fargo fires 4 executives.
Weekly Global News Wrap Up: Losing banking jobs to EU imperils financial stability; Which US banks will benefit the most from tax cuts?
And Wells Fargo fires 4 executives.
UBS' investment banking bonus pool in Asia Pacific to drop 15%
The bank's 66% drop in profits last year is taking its toll on bankers.
Weekly Global News Wrap Up: Credit Suisse to cut 5,500 jobs this year; More women dominate central banks in Southeast Asia
And Wells Fargo to cut 2016 bonuses for top execs.
Weekly Global News Wrap Up: 11 trends that will define banking in 2017; Brexit risks 30,000 UK jobs
And Credit Suisse moves its investment banking team to London.
Citi China gets go-ahead to act as a bond settlement agent in the China Interbank Bond Market
It's the first and only American bank to be granted such a license.
Weekly Global News Wrap Up: EU banks could take up to 5 years to Brexit; Deutsche Bank fined $630m; Citi launches lending website
And find out what the biggest bankers are planning post-Brexit.
Chinese banks to find it costly to issue wealth management products this year
Regulators are tightening rules on WMPs.
Weekly Global News Wrap Up: Deutsche Bank, Morgan Stanley slash bonuses by up to 90%; Asia banks to hire more tech specialists than investment bankers
And HSBC CEO warns of lower profitability for banks in 2017.
Chart of the Week: Singapore banks diversify funding source with covered bonds
Covered bonds form 7% of total debt issued by DBS.
Weekly Global News Wrap Up: Bitcoin ETF to have a significant upside; Citigroup's profits to benefit less from tax cuts
And Indonesia bans JPMorgan from the next dollar sukuk issuance.
Chinese banks to be more cautious in issuing wealth management products in 2017
Banks have already issued RMB 26.4t as of 2Q16.
Weekly Global News Wrap Up: Morgan Stanley, Credit Suisse to pay fines of up to $7b; HSBC to shut 57 branches in early 2017
And Deutsche Bank feared to shake the entire European banking system.
Chart of the Week: Check out how China's shadow banking lending is rising rapidly
Overall stock of total social financing grew 13.3% in November.
Will Chinese banks continue to shift towards investment banking?
Investment would expand from 27% to 30% of total assets in 2016.
Shadow credit in China surges to US$69b in November
It was only US$7.9b in October.
Will Asia Pacific regulators be keen to embrace wider bail-in measures?
Banks could expect greater government support in 2017.
Weekly Global News Wrap Up: Wells Fargo punished for failing 'living will' test; SWIFT remains at risk of cyber attacks
And UniCredit to raise US$13.8b and shed 14,000 jobs.