The Turning Point

It’s been a tough few years but investment banks have finally brought down their costs across Asia-Pacific into line with revenues.

The Turning Point

In the wake of the global financial crisis, US and European banks decided they could no longer afford to subsidise their small but growing Asian operations. 

Some were also disappointed with the paltry returns from helping Asian companies who refused to pay much for advice. 

A drop in deal-making after 2010 exacerbated the crackdown investment banking revenues from IPOs, debt issues and MA in the region fell to...

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