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Wall Street’s China problems multiply with warning on banker pay

by 198 Japan News
June 13, 2022
in JAPAN MANUFACTURE NEWS
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Wall Street’s China problems multiply with warning on banker pay
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One after another, the big names in global finance were summoned by Chinese officialdom.

On the agenda: pay, specifically, with officials telling Credit Suisse Group, Goldman Sachs Group and UBS Group to report details on how they compensate their top bankers.

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Undeterred by higher prices, Japanese line up for eel on Day of the Ox

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PHOTO GALLERY (CLICK TO ENLARGE)

  • Shanghai Tower, which houses the JPMorgan offices, was placed under lockdown on March 14. China’s 'COVID zero' approach to the pandemic locked down Shanghai for months. | BLOOMBERG
  • UBS’s China head David Chin, based out of Hong Kong, stepped aside in April partly because of travel curbs and the need to focus on regional business. | BLOOMBERG

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