Archive for the ‘Finance’ Category

Hong Kong Law Careers Guide

April 14th, 2010 No comments

The Chinese Law Students Society at the University of Sydney, in conjunction with UNSW Law Society and the ACYA have published the 2010 Hong Kong Law Careers Guide. Must read for aspiring lawyers who want to work in the region and not just in Australia. I especially recommend the candid accounts of work hours at different levels and handy (human) hints about life as a Hong Kong lawyer — stuff you won’t get from firm brochures.

Three down, two to go … or is it four?

September 20th, 2008 4 comments

Wall StreetI don’t blog about the economy and markets as a rule, mainly because I’m scared of getting it wrong. The events of this week, however, are just too bizarre not to write about.

Three of the big five independent investment banks on Wall Street have fallen (Bear Stearns bought at heavy discount by JP Morgan; Lehman Brothers filed for bankruptcy; Merrill Lynch to be bought by Bank of America), and now the fourth has confirmed that it is in talks to be acquired, possibly by CIC, the sovereign wealth fund of China.

Some say the credit crisis is causing a much-needed weeding out of badly managed entities, with unsustainable business models. If that be true, then we are getting perilously close to a conclusion that the market judges investment banks per se to be an unsustainable business model. “What will the world be like without the big American investment banks?” It’s a scary yet tantalising thought, the idea that we may be on the brink of a new kind of market.

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