An exodus of workers and a surge in new business from China have combined to spark a talent war among banks and insurers in Hong Kong, driving up wages for new recruits by as much as 30% in the Asian financial hub. https://t.co/hvlOf3TfnM
I still remember when Credit Suisse was sponsoring the Rugby Sevens in HK, the conference has been such a fixture... Feels like the end of an era!
https://t.co/SRNzb6csgR
Credit Suisse Group AG’s Singapore Chief Executive Officer Chien Chien Wong is leaving the bank, the latest senior departure to hit the embattled Swiss firm.
https://t.co/ou6YYceywt
Credit Suisse Group AG, fighting to stem a wave of investor outflows, is dialing back some stringent anti-money laundering controls in Asia after they drew protests from clients and bankers and contributed to staff departures. with @chanyaporn
https://t.co/bp3F6zxBXW
President Xi Jinping’s decision to dismantle Covid travel restrictions is accelerating an exodus by wealthy Chinese. The nation could face capital flight of at least $150 billion this year, Natixis estimates.
https://t.co/k0yIp7Vgp5
After more than two years under Beijing’s stringent pandemic rules, Hong Kong wants to prove that it can still be “Asia’s World City.”
https://t.co/FoBTTmiB8m
HSBC Holdings Plc is trimming the number of bankers focused on Chinese debt issuance amid a slump in bond deals from the world’s second-largest economy.https://t.co/lGCSIo0Hi5
Credit Suisse has been hit by two senior private banker resignations in Hong Kong as the Swiss lender targets a global overhaul following a wave of scandals that triggered billions of dollars in losses https://t.co/HKUeLRj5O8 @DeniseWee1
Europe’s largest bank, HSBC, is under pressure to break up by its biggest shareholder Ping An. A closer look at the Chinese insurer's reticent chairman provides clues on what he envisions for the 157-year-old lender https://t.co/ik4kN9EDvI Dingmin @DeniseWee1@CandyZach7
It's a bit ironic.. but Hong Kong's super strict quarantine policy appears to be posing as much risk if not more than Covid-19 to business continuity. https://t.co/RQGm7qPzZF