High-flying investment bankers moving from US to Asia

Finance News · #1 (**permalink**) 05-21-2008, 04:09 PM

Experts believe that the number of top bankers leaving the US for Asia is set to increase as a result of the credit squeeze. As investment banking profits are squeezed in US and Europe by the credit crunch, institutions are looking to Asia where many Chinese and Hong Kong firms are flush with cash, having raised [...]

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aishasheesh · #2 (**permalink**) 06-02-2008, 02:34 PM

This makes sense to get out of the US, but it will only make things more difficult for the US to come out of their "recession" . Also going to Asia doesn't sound like the best solution since they do not have very stable financial systems and their institutions are not fully developed to make sure that their banks would be able to withstand any shocks.

pandool · #3 (**permalink**) 07-06-2008, 02:21 PM

you're completely right

Simpleinvestors · #4 (**permalink**) 07-28-2008, 06:23 AM

Quote:

Originally Posted by aishasheesh

This makes sense to get out of the US, but it will only make things more difficult for the US to come out of their "recession" . Also going to Asia doesn't sound like the best solution since they do not have very stable financial systems and their institutions are not fully developed to make sure that their banks would be able to withstand any shocks.

They got money they can take the risk.