News

Layoffs Watch: Morgan, Goldman, Citi, Bank Of America

Everyone in Asia is advised to gird their loins.

Bowing to increased competition and weaker markets, investment banks are lowering expectations and cutting costs in Asia, a region that has been a crucial source of growth for the industry in recent years. Senior bankers in Hong Kong, who are emerging from several weeks of tense budget meetings for 2012, say they are feeling pressure from their bosses to justify heavy investment across the region as trading volumes there and around the world shrink and banks struggle with tighter regulations, the fallout from Europe and weak economies world-wide. Some banks including Nomura Holdings Inc., Citigroup Inc., Goldman Sachs Group Inc. and Bank of America Corp. have already laid off small numbers of workers in Asia. Bankers are bracing for bigger cuts once bonuses are paid this month, especially if markets remain sluggish. At Morgan Stanley, a bigger round of layoffs is expected in the coming weeks…The cutbacks are unlikely to be across the board. As banks reassess their strategies, they will look to protect those employees focused on China, whose share of the shrinking Asian fee pot is growing, senior bankers said. But opportunities in India have been disappointing, and some are already cutting back, while business in Japan remains sluggish.

Bankers Feel Job Cuts In Asia [WSJ]

175 comments
(hidden for your protection)
Show all comments

175 Responses to “Layoffs Watch: Morgan, Goldman, Citi, Bank Of America”

  1. C Gasparino says:

    I like things that grow by shrinking. Morgan is a friend a mine.

  2. What about his legitimate years? says:

    Good plan. Double down on the one country where you’ve made no deals since 09 because China is promoting domestic investment banks.

  3. Gvlzkq Awesome blog post.Really thank you! Really Great.

  4. Leaks says:

    Thanks for the post. Fantastic.

  5. Major thanks for the article post.Really looking forward to read more. Keep writing.

  6. wow, awesome blog article.Thanks Again. Cool.

  7. Pop Soul says:

    I value the article.Really thank you! Fantastic.

  8. I loved your blog article.Thanks Again. Really Cool.

  9. I cannot thank you enough for the blog article.Really looking forward to read more. Will read on…

  10. Very informative blog post.Really thank you!

  11. comercial says:

    A round of applause for your blog.Really thank you! Awesome.

  12. buy stevia says:

    I truly appreciate this post.Thanks Again.

  13. Major thanks for the post. Will read on…

  14. I truly appreciate this article.Much thanks again. Much obliged.

  15. I truly appreciate this post. Awesome.

  16. seo agency says:

    Hey, thanks for the blog post.Thanks Again. Awesome.

  17. Really enjoyed this blog post.Really looking forward to read more. Want more.

  18. Very good blog post. Will read on…

  19. I really like and appreciate your blog. Fantastic.

  20. Great post. Really Cool.

  21. Thanks a lot for the blog article.Really thank you! Fantastic.

  22. A big thank you for your blog post. Keep writing.

  23. Thanks again for the blog article.Really looking forward to read more. Really Cool.

  24. Wow, great article.Much thanks again. Great.

  25. seospidy says:

    I appreciate you sharing this post.Thanks Again. Great.

  26. I cannot thank you enough for the post.Thanks Again. Really Great.

  27. y-stolen says:

    Thanks again for the article.Thanks Again.

  28. I cannot thank you enough for the article post.Really thank you!

  29. I think this is a real great post.Really thank you! Really Great.

  30. domain names says:

    I am so grateful for your blog.Really thank you! Awesome.

  31. Brett says:

    At the moment I ran across the web for exactly this kind of info. Appreciate to your write-up that seek has got to finish now. You wrote the posting in a simple to comprehend way. With that, I added your blog posts among my personal favorites! All the best!

  32. design shirt says:

    Thanks for sharing, this is a fantastic article.Thanks Again. Much obliged.

  33. I value the blog post.Really looking forward to read more. Really Cool.

  34. I value the post.Really thank you! Much obliged.

  35. Shaving Gel says:

    Very good blog article.Really looking forward to read more. Fantastic.

  36. cacao bean says:

    Im thankful for the article post.Really thank you! Really Cool.

  37. log cabins says:

    I truly appreciate this article post.Really thank you! Much obliged.

  38. Thanks for the blog.Really looking forward to read more. Really Cool.

  39. Really appreciate you sharing this blog.Thanks Again. Great.

  40. Im grateful for the blog post.Really thank you! Want more.

  41. Fantastic blog post.Thanks Again. Great.

  42. Really enjoyed this post.Thanks Again. Will read on…

  43. paid surveys says:

    Really enjoyed this blog article.Really thank you! Really Great.

  44. lab balance says:

    Thanks-a-mundo for the blog.Much thanks again. Fantastic.

  45. Appreciate you sharing, great blog.Really looking forward to read more. Really Great.

  46. Im grateful for the article post.Really thank you! Fantastic.

  47. Im obliged for the blog article.Really thank you! Will read on…

  48. account says:

    Thanks for the blog.Really thank you! Want more.

  49. I appreciate you sharing this blog.Really thank you! Cool.

  50. Wow, great post.Really looking forward to read more. Great.

  51. I cannot thank you enough for the article.Really thank you! Will read on…

  52. I loved your post.Much thanks again. Want more.

  53. chris papa says:

    GET NIKE NFL ONLINE SHOP INFORMATION PLEASE VISit http://nikenflonline.blogspot.com

  54. Thanks-a-mundo for the blog post.Thanks Again. Awesome.

  55. This post is helpful to me,thank you friend.

  56. Thank you for your post.Really looking forward to read more. Will read on…

  57. wow, awesome blog.Much thanks again. Keep writing.

  58. fx live says:

    Im grateful for the article.Really thank you! Want more.

  59. Lady Ganer says:

    That is the correct blog for anybody who desires to search out out about this topic. You realize so much its virtually exhausting to argue with you (not that I actually would want…HaHa). You positively put a brand new spin on a subject thats been written about for years. Nice stuff, simply nice!

  60. cannabiscafe says:

    A big thank you for your post.Really thank you! Really Great.

  61. Really informative blog post.Really thank you! Really Great.

  62. Schweiz says:

    I am so grateful for your blog article.Thanks Again. Fantastic.

  63. Say, you got a nice post.Really thank you! Really Cool.

  64. Fantastic post.Really thank you! Cool.

  65. Enjoyed every bit of your blog.Really thank you! Really Cool.

  66. Major thanks for the post. Keep writing.

  67. Im grateful for the blog post.Really looking forward to read more. Awesome.

  68. Looking forward to reading more. Great article.Thanks Again. Awesome.

  69. from says:

    Really informative article.Really thank you! Great.

  70. News says:

    Thanks-a-mundo for the blog post.Really thank you! Want more.

  71. Major thanks for the blog post.Much thanks again. Will read on…

  72. Wow that was unusual. I just wrote an incredibly long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say superb blog!

  73. That so we practically all may understand about this!

  74. We have placed on your present blogroll and possess put the choice on my own weblog aspect

  75. Thanks for sharing, will use in my and my clients blogs.

  76. TDNvKc Thanks so much for the blog post.

  77. OWp1fO I think this is a real great blog.Really thank you! Cool.

  78. crork says:

    aAHx5O Really enjoyed this blog.Thanks Again.

  79. Hii,, Excellent evaluation there is som many evaluate in the marketplace, but your internet site nonetheless in the front associated with my personal choice.

  80. wow, awesome article post.Really thank you! Really Cool.

  81. Very neat blog.Thanks Again. Really Cool.

  82. uygulama says:

    I truly appreciate this article post.Really looking forward to read more. Great.

  83. Very informative post.Really thank you! Really Cool.

  84. ExtremeNO says:

    Thanks-a-mundo for the post.Much thanks again. Fantastic.

  85. kindiukof says:

    Lovely just what I was searching for.Thanks to the author for taking his clock time on this one.

  86. I loved your article.Really looking forward to read more. Fantastic.

  87. free cams says:

    Hey, thanks for the blog post.Thanks Again. Really Cool.

  88. Wow, great blog.Thanks Again. Will read on…

  89. imagens says:

    Very neat article.Really thank you! Great.

  90. Fantastic blog.Much thanks again. Want more.

  91. buzzinars says:

    Yeah, in my opinion, it is written on every fence!!…

  92. Sometimes I also see something like this, but earlier I didn`t pay much attention to this!…

  93. I subscribed to RSS, but for some reason, the messages are written in the form of some hieroglyph (How can it be corrected?!…

  94. I almost accidentally visited to this site, but stayed here for a long time. Stayed because everything was very interesting. Surely will share with all my friends!…

  95. I read online (computer problems) positive feedback about your resource. Didnt even believe it, and now saw myself. It turned out that I was not fooled!…

  96. I’m going to set a net link for this web site on my website.Thanks a lot!

  97. diamant says:

    Awesome article post.Thanks Again. Much obliged.

  98. diamant says:

    Hey, thanks for the blog.Really thank you! Much obliged.

  99. You might be remarkable, use a graphic step-by-step information!

  100. Bradley Fuse says:

    I worth a person taking the time to share with you them all of us.

  101. I’m just therefore pleased to notice in which

  102. Rufina Muth says:

    I became seeking the particulars in the course of their pay a visit to then My partner and i slide somewhat arbitrary here , thank you

  103. I really like and appreciate your blog.Really looking forward to read more. Will read on…

  104. Im thankful for the blog.Much thanks again. Really Cool.

  105. However, the author created a cool thing..!

  106. Very neat blog post.Much thanks again. Much obliged.

  107. Fantastic article post.Thanks Again. Fantastic.

  108. Thanks-a-mundo for the blog article.Thanks Again. Really Great.

  109. phoenix az says:

    I really like and appreciate your blog article.Thanks Again. Much obliged.

  110. I loved your article.Really looking forward to read more. Much obliged.

  111. I am sorry we overlooked your blogrollage involving myself, Suzi. you happen to become now inside spin!

  112. Thanks-a-mundo for the article post.Really thank you! Fantastic.

  113. Enjoyed every bit of your article post.Thanks Again.

  114. Thank you for your blog post.Thanks Again. Great.

  115. I think this is a real great post.Much thanks again. Will read on…

  116. I really like and appreciate your article. Keep writing.

  117. Really enjoyed this article.Much thanks again. Want more.

  118. Thank you for your blog. Will read on…

  119. Thanks again for the post.Thanks Again. Want more.

  120. Great article post.Thanks Again. Keep writing.

  121. I really liked your blog.Really looking forward to read more. Fantastic.

  122. Looking forward to reading more. Great blog post. Will read on…

  123. I really like and appreciate your blog post.Thanks Again. Want more.

  124. Thanks so much for the article.Really thank you! Cool.

  125. wow, awesome blog post.Thanks Again. Really Cool.

  126. Very good article post. Really Cool.

  127. Thanks for sharing, this is a fantastic blog. Really Cool.

  128. Very informative article post.Much thanks again. Fantastic.

  129. Rob says:

    A formidable share, I just given this onto a colleague who was doing a little bit analysis on this. And he in reality purchased me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to debate this, I really feel strongly about it and love reading extra on this topic. If possible, as you develop into experience, would you thoughts updating your weblog with more details? It is highly useful for me. Big thumb up for this blog publish!

  130. EcGfQk Thank you ever so for you blog article.Really thank you! Keep writing.

  131. Enjoyed every bit of your article.Really thank you! Really Great.

  132. I will save your web website at the same time as go ahead and take rss feeds additionally?I’m delighted to uncover countless useful info below inside submit, we want create added techniques for this consider, thanks for discussing

  133. Im grateful for the article post.Really looking forward to read more. Awesome.

  134. Say, you got a nice post.Really looking forward to read more. Much obliged.

  135. Enjoyed every bit of your article post.Really thank you! Great.

  136. I am so grateful for your blog article. Much obliged.

  137. Worth it to read report. A good deal of facts for any quite newbi just like me.

  138. Read, of course, far from my topic. But still, we can work together. How do you feel about trust management?!…

  139. I appreciate you sharing this post.Really looking forward to read more. Awesome.

  140. procera says:

    Thanks so much for the blog article. Great.

  141. I simply found your internet site, I get pleasure from that (and also We have enrolled in the certain RSS feed)

  142. bmw wheels says:

    Thanks so much for the blog article.Really thank you!

  143. Thanks-a-mundo for the blog post. Really Great.

  144. Say, you got a nice blog post.

  145. karité says:

    Really informative article.Really looking forward to read more. Fantastic.

  146. Thanks for the blog article.Really thank you! Cool.

  147. I am so grateful for your article post. Awesome.

  148. die cutting says:

    This is one awesome article.Really thank you! Much obliged.

  149. Sex Inserate says:

    I am so grateful for your article.Really looking forward to read more. Really Cool.

  150. Pleased to read intelligent thoughts in Russian. I`ve been living in England for already 5 years!…

  151. Thanks for the blog article. Keep writing.

  152. Bert Gulick says:

    I think this is a real great blog article.Really looking forward to read more. Really Great.

  153. Wonderful justification!! We’re extremely not used to this nevertheless really like the process.

  154. Thanks for the post.Much thanks again. Will read on…

  155. Fantastic article.Really thank you! Really Cool.

  156. I loved your article.Much thanks again. Fantastic.

  157. Im thankful for the article post.

  158. vision board says:

    Current blog, fresh information, I read it from time to time!!…

  159. Thanks for the blog article.Really thank you! Keep writing.

  160. Muchos Gracias for your article.Really thank you! Much obliged.

  161. Hey, thanks for the post.Really thank you! Fantastic.

  162. A round of applause for your blog article. Really Great.

  163. Thanks-a-mundo for the blog article. Really Great.

  164. Really appreciate you sharing this article.Really looking forward to read more. Fantastic.

  165. Im grateful for the blog.Really looking forward to read more. Great.

  166. Your own report is a excellent sort of this.

  167. Investments says:

    A round of applause for your article post.Much thanks again. Really Great.

  168. porn movie says:

    A round of applause for your article post.Really thank you! Great.

  169. It was actually useful, many thanks for submitting

  170. Thank you very much! I took it for myself too. Will be useful!!…

  171. I needed to post you this tiny note to finally thank you very much the moment again considering the magnificent views you have featured above. It has been certainly pretty generous of you to give publicly precisely what numerous people might have marketed for an e-book in making some profit on their own, chiefly considering the fact that you could possibly have tried it if you ever considered necessary. These techniques likewise served to be a good way to comprehend other individuals have the identical dreams like mine to grasp whole lot more on the topic of this issue. I am certain there are numerous more fun situations in the future for many who scan through your website.

Our Sites

  • Above the Law
  • How Appealing
  • ATL Redline
  • Breaking Defense
  • Breaking Energy
  • Breaking Gov
  • Dealbreaker
  • Fashonista
  •