Chastened by the overwhelming evidence that austerity has done wonderful things for the British economy in spite of its own hemming-and-hawing on the matter, the IMF has a new policy: Austerity for everyone, even if there’s no evidence you need it. Read more »
Do you live in London or Hong Kong, Tokyo, Singapore or another Asian financial capital? Do you want to write about the financial industry there, for Dealbreaker? Great news! We are looking for correspondents in both regions. If this sounds like something that might be interesting to you, send us an email describing who you are, what you’d like to write about, and why you’d be good at it.
Cuts are said to have gone down in Asia. Read more »
Actually, we don’t know the reason why several dozen employees in the bank’s global markets unit in Asia are going to be fired, only that these cuts are not part of Project New BAC (the company’s plan to save $8 billion by laying off 40,000), so “just for fun” is one possibility. Read more »
The Germans are not yet done firing employees in Asia. Read more »