Goldman said to cut Singapore investment bank jobs by about 30%

halo chway yindor guan lui ho la

lia bor kiu, prease speak england...

Ambulance said:

halo chway yindor guan lui ho la

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Goldman was never a major player on the local banking scene in Singapore. With the exception of an IB division focussed on SE Asia and J Aron, the bulk of their Asian operations are in Hong Kong.

Big US banks shedding staff, risky businesses as tighter regulation looms - See more at: http://www.straitstimes.com/news/bu...hter-regulation-looms-20#sthash.wLRKGzxz.dpuf

NEW YORK (AFP) - Faced with increased regulation beginning in 2017, the major US banks are taking a number of restructuring steps, shedding staff and some speculative businesses, and cutting bonuses.
Taking a machete to expenses, banks are speeding up disinvestments, trimming administrative budgets and turning to automation to replace employees in a broad array of banking operations, including online.
The largest US bank in terms of assets, JPMorgan Chase, plans to save nearly US$5 billion by 2017, and is closing 300 bank branches.
In 2014, Goldman Sachs's pay fell to the lowest level since the prestigious Wall Street investment bank went public in 1999.

Every reduction of foreigners in sinkapore is a good thing. Let more foreign heads roll, the more the merrier.

winnipegjets said:

Every reduction of foreigners in sinkapore is a good thing. Let more foreign heads roll, the more the merrier.

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Maybe gahmen should allow ISIS FTs into Sinkapore to be in charge of those foreign heads rolling.

Less banksters the better, the retrenched ones can be re-employed into more useful and productive professions like teaching.