In the wake of disappointing year-end results marked by low profits and high operating costs, private banks have been forced to slash bonuses for 2015, though salaries are expected to rise 8-10% on average over 2016, Asian Private Banker has learnt. The shallow private banking talent pool across Asia is perhaps the main impetus behind rising wages, despite turmoil market conditions…
Salaries to rise 8-10%, bonuses hammered
