Can Jefferies deal help SMBC replicate Morgan Stanley-MUFG swagger?
15 July, 2021The playboy trader, the nickel scheme and Singapore’s banks
21 July, 2021Euromoney, July 20 2021
More focus on keeping a client happy than keeping the bank solvent; a risk management department that wasn’t tough enough and baled bad practice; a wilful reduction in margin; and two co-heads who each believed the other ran the relevant business. The report into Credit Suisse’s Archegos debacle makes grim reading.
Chris Wright
Chris is a journalist specialising in business and financial journalism across Asia, Australia and the Middle East. He is Asia editor for Euromoney magazine and has written for publications including the Financial Times, Institutional Investor, Forbes, Asiamoney, the Australian Financial Review, Discovery Channel Magazine, Qantas: The Australian Way and BRW. He is the author of No More Worlds to Conquer, published by HarperCollins.