Sign of banking times
HSBC is cutting 1200 (0r 2900 according to Unite union) jobs while Bank of China is creating 10,000.
posted by Whispering Walls at 9:39 am
HSBC is cutting 1200 (0r 2900 according to Unite union) jobs while Bank of China is creating 10,000.
posted by Whispering Walls at 9:39 am
7 Comments:
"The Winner takes it all" dixit ABBA song.
Hm could that be because the Chinese need extra people to man to abacuses? Or is that abaci? I've no idea.
On the other hand, I expect the people getting the chop will be amongst the Casino element rather than the boring old cheque-cashing lot.
Is it my imagination, or did you used to have Daniel Hannan on your blogroll ?
I'm sure you are the reason I was 'ahead of the curve' for once with this young man..
Incredible.
It's because Chinese banks are booming, KL, with the easing of liquidity over there: loan growth is going through the roof and the Shanghai stockmarket's up 30% so far this year, having been one of the worst markets last year.
Hi Anon- I don't think I had Dan on my blogroll but I'm on his e-mailing list. He's always entertaining.
Martin Jacques -- When China Rules the World -- is out in June. I've ordered this book.
Thanks Janet - I'll have a look at that
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