Daily Dispatches: And the biggest i-bank in India is…Citi

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Citi’s rise to the top of India’s investment-banking ladder. (Economic Times)

Yield-chasing investors, whose hunger for income powered a long rally in Asian junk-rated bonds, are finally feeling the first symptoms of indigestion after a year-long binge.(Reuters)

Is the culture of Wall Street bonuses changing for good? (The Week)

The IPO market in Malaysia, which was a bright spot in Asia last year supported by ample domestic pension money, is expected to remain active in 2013 based on the number of deals in the pipeline. (Finance Asia)

A growing proportion of Australian companies are turning to reverse takeovers to join the country’s main stock exchange as investors shy away from initial public offerings. (Wall Street Journal)

The national security fund and foreign investors were the two biggest net buyers of Chinese mainland shares last year, the top securities regulator said yesterday. (Shanghai Daily)

A 22-year-old Chinese man who had dropped out of school and worked as a delivery man was convicted of laundering HK$13 billion ($1.68 billion) through a Hong Kong bank over eight months ending in 2010. (Bloomberg)