Goldman to slash Asia headcount by c.25%

Goldman to slash Asia headcount by c.25%

Imminent job cuts as the US investment bank follow a tough year in Asia's emerging markets. Others may follow as fierce competition from Chinese brokers bites.
China Cinda Asset Management topped up its capital with a $3.2 billion alternative tier one bond, generating blow-out demand despite an aggressive approach.
The mega-merger of two Chinese steelmakers has a lot of benefits for the country. But it is a terrible deal for shareholders.
Chinese state-owned oil giant's latest dollar-denominated debt offering benefits from conducive market conditions after the Fed kept its interest rates unchanged.
Frank Tang’s private equity firm handily gathered capital despite the gloomier outlook for returns and increased competition for LPs’ money.
Japan's prime minister is determined to revive the country's economy, but he has left too much of the hard lifting to the Bank of Japan. It’s time he took responsibility.

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Have cornerstone tranches become too big in Hong Kong IPOs?


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Yes, cornerstone tranches are a market-wide problem
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No, cornerstone tranches are at an acceptable level
  14%

 

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