Thursday, March 26, 2009

Sign of banking times

HSBC is cutting 1200 (0r 2900 according to Unite union) jobs while Bank of China is creating 10,000.


Blogger Eurodog said...

"The Winner takes it all" dixit ABBA song.

10:56 am  
Blogger kinglear said...

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.

12:43 pm  
Anonymous Anonymous said...

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..

10:32 pm  
Blogger Welshcakes Limoncello said...


11:04 pm  
Blogger Winchester whisperer said...

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.

9:40 am  
Anonymous Anonymous said...

Martin Jacques -- When China Rules the World -- is out in June. I've ordered this book.

9:04 pm  
Blogger Winchester whisperer said...

Thanks Janet - I'll have a look at that

9:06 am  

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