We heard about redundancies in Hong Kong some time ago, but news of layoffs in Singapore’s financial sector have only hit headlines recently.
The Business Times reported that Bank of American Merrill Lynch (BoAML) and UBS have both fired i-bank staff. And other firms like HSBC have confirmed the restructuring of their Singapore business. Although Asian redundancies haven’t been large-scale so far, i-bankers are certainly getting the jitters. Full story
