CREDIT Suisse Group bankers are trying to entice rich clients with higher-yield notes and bonus deposit rates in a bid to quickly recoup as much as possible of the almost US$90 billion recently pulled from the bank.
MORGAN Stanley will reduce its global workforce by about 2 per cent as Wall Street seeks to tame costs ahead of a potential US recession.
MORGAN Stanley is embarking on a fresh round of job cuts as rival banks sounded caution that a looming US recession will dampen hiring.
If workers are supported in and fairly rewarded for their efforts, human resources can spend less time and energy on hollow perks, says the Financial Times’ Andrew Edgecliffe-Johnson.
The three local lenders – DBS, OCBC and UOB – have raised interest rates on their flagship savings accounts twice since August.
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