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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

Royal Bank of Scotland

Banks to cut more jobs this year

Posted by RJ and Makay on Jan 09, 2012

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Banks Banks around the world may slash an additional 100,000 jobs this year, according to Meredith Whitney, chief executive officer of Meredith Whitney Advisory Group LLC. Whitney shared her views yesterday with radio hosts Tom Keene and Ken Prewitt on the Bloomberg Surveillance show. Worldwide, banks lost well over 200,000 jobs in 2011, and this year “stands more of a chance to be a repeat” of 2011, she said.

Morgan Stanley expands in China with new joint venture

Posted by RJ and Makay on Jun 17, 2011

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Morgan Stanley recently announced the launch of Morgan Stanley Huaxin Securities, a joint venture with Chinese securities firm China Fortune Securities Co., also known as Huaxin Securities. Banks outside of China are required by local regulatory authorities to form joint ventures to enter Chinese emerging equity and debt markets.