Global Banks Adapting to Face Disruption
Goldman Sachs will be offering wealth management services for as little as US$5000 which is a far cry from their typical wealth management threshold of US$1-10 million as it tries to attract younger clients and diversify earnings from its traditional investment banking income which is more cyclical in nature. Meanwhile HSBC makes changes to top management as it struggles with growing income in Asia while keeping expenses in check.
Presented by: Lyn Mak, Wong Shou Ning, Roshan Kanesan
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