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Investment Banker Exodus Hits Deutsche Bank in Hong Kong, SingaporeAlmost 50 bankers in Hong Kong and Singapore have left in the past six months, or about 30 percent of the investment-banking workforce before the departures, said the people, who asked not to be named because the matter isn’t public. Eight managing directors and roughly a dozen directors have gone,
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HSBC downgrades stocks in Singapore and Hong KongSingapore and Hong Kong are small and open economies that are highly exposed to swings in the global environment, said HSBC.
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