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Banks need flexibility to draw female talent in post-Covid era

Bloomberg Flexibility is vital to attract talented female employees as many have altered their lifestyles and requirements following the Covid-19 pandemic, according to executives in the financial services industry. Kobkarn Wattanavrangkul, chairperson at Kasikornbank Pcl, said employers must pay more attention the new needs and adapt quickly to recruit well and sustain growth. Meanwhile Narisa Chauvidul-Aw, chief executive officer and ...

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Citigroup, Barclays cut investment-banking jobs

  Bloomberg Citigroup Inc. and Barclays Plc started eliminating jobs in their investment-banking operations, joining other major banks in responding to plunging revenue from the business. Dozens of positions at New York-based Citigroup were cut this week, while reductions expected to eventually total about 200 have begun at London-based Barclays. US banks have been hurt by the dramatic slowdown in ...

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Philippines sticks with bold rate hike

  Bloomberg The Philippine central bank delivered its second 75 basis-point interest-rate increase of this year, as it sought to support the peso and cool inflation by matching the pace of hikes by the Federal Reserve. Bangko Sentral ng Pilipinas raised the overnight reverse repurchase rate to 5%, as predicted by all but one in a Bloomberg survey of 24 ...

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