With redundancies making candidates in Asia more concerned about the stability and profitability of the banks they choose to work for, HSBC and Standard Chartered are two likely employers of choice. HSBC’s banking and markets profits rose 23 percent over 2010-12 in Asia, while StanChart’s wholesale banking profits in region went up 10 percent. By contrast, pre-tax profits of four other global banks fell 45 percent in the same period.
New chief executive for HSBC in Singapore. (Straits Times)
Standard Chartered not quitting London. (Standard Chartered)
Chinese banks are set to report stronger earnings in 2012 and they managed to keep a low level of bad loans. (Shanghai Daily)
Alastair MacAulay joins law firm Clifford Chance in Hong Kong as a partner responsible for maritime finance. (Finance Asia)
Largest job gain in 12 years for Australia. (Sydney Morning Herald)