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.

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 $5.2 billion in 2013, the third consecutive year-on-year decline according to data provider Dealogic.

The best managers managed to squeeze costs and prop up revenues by improving processes as well as trimming...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222