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.

7 Comments:

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...

Incredible.

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  
OpenID janetwilliams 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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