Bank of America on
Tuesday announced layoffs of around 20 bankers in Asia, said
three sources with knowledge of the matter, becoming the first
major bank to downsize in 2024 as China and Hong Kong.
HONG KONG (Reuters) -Bank of America on Tuesday announced layoffs of around 20 bankers in Asia, said three sources with knowledge of the matter, as plunging markets in China and Hong Kong weighed on deal prospects. The majority of the bankers affected are based in Hong Kong who worked on China deals, according to two of the sources and a fourth person with knowledge of the matter. Some cuts were also made in other Asian markets, the sources said.
Global investment
firm KKR & Co has emerged as the largest shareholder of
one of Vietnam s biggest eye hospital chains, Medical Saigon
Group , according to an MSG internal memo seen by Reuters
on.
SINGAPORE/HONG KONG/MUMBAI, Jan 16 -
B lackstone Inc, the world s largest alternative asset
manager, will double its private equity business headcount in
Singapore.
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