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Why banking firms should treat the talent pool as a portfolio

Singapore: Over a decade ago, factors such as globalisation, deepening of financial product usage, and demographic change led the banking and financial sector on a dynamic trajectory. Essentially, the financial services industry (FSI) built its growth and returns model around these drivers. The sector has been undergoing significant changes following [...]

Europe looks again to ECB President

LINDSAY David’s new book on Australia deserves a medical disclaimer: Reading this will greatly raise your blood pressure. In “Australia: Boom to Bust” David sounds the alarm about an Australian housing bubble he argues makes the 12th-biggest economy a giant Lehman Brothers. His thesis can be boiled down to the [...]

Japan’s Hagino takes it easy at Asian Games

Japan s Kosuke Hagino followed his shock 200 metres freestyle gold with a leisurely swim in his signature 200m medley heats at the Asian Games on Monday. Hagino, 20, who scored an electrifying victory over Michael Phelps at last month s Pan Pacific championships, cruised into the final in Incheon [...]

Bayer defeat leaves Paderborn in pole position

Bayer Leverkusen missed a chance to reclaim the lead in the Bundesliga on Sunday, suffering a 4-1 loss at VfL Wolfsburg, meaning that promoted Paderborn’s magical weekend continued by staying atop the Bundesliga. Ricardo Rodriguez scored two goals and set up another as Wolfsburg handed Leverkusen their first defeat of [...]

Bundesbank warns of risky ECB ‘change of course’

BERLIN: The head of Germany’s powerful Bundesbank sharply criticised what he called a radical new approach by the European Central Bank of easy money, in an interview published Sunday. The central bank chief, Jens Weidmann, told media that the bank’s recent moves of setting interest rates at record lows while [...]

EU mulls tapping unused rescue funds to boost investment

BERLIN: Unused funds in the euro zone’s rescue mechanism could be used to boost investment across the continent and help it recover from the worst financial crisis in a generation, according to a German newspaper report on Sunday. Sueddeutsche Zeitung said experts advising incoming Commission President Jean-Claude Juncker want the [...]