Contrite bank chief executives have admitted standards in the financial advice industry need to be repaired urgently and public confidence restored, with some pledging conditional support for an industry-wide public compensation scheme for victims.
Banks in Pakistan are mere deposit collection boxes that offer no substantial financing to customers. Retail banking is a boring business even in developed countries, but here in Pakistan, it is monotonous and dull to the last degree.
Private equity firms are poaching young analysts from investment banks the world over, but if you want a job in China, the key is experience.
Ray Chan, vice president and head of ETF business development, Asia ex-Japan, cited Hong Kong’s Mandatory Provident Fund as an example of this trend: