There’s more than one way to break the bank

Working in finance is a high stress job. Bankers work long hours, with the constant pressure of looking after clients’ money dangling over them.

  • By Taipan
  • 03 May 2018
Email a colleague
Request a PDF

Every banker has his own way of dealing with the stress of course — be it a cocktail or 10, exercise, or late nights in Wanchai. But some of their methods are coming under fire from their bosses.

At least one Hong Kong bank is trying to put a stop to its traders’ outbursts of anger in the office, as they’ve been racking up unwanted bills. Traders can be notoriously testy, prone to fits of rage when things don’t go their way, but yelling and profanities are just the tip of the iceberg. What you have to watch out for on the trading floor are flying pieces of office equipment.

Traders can become so aggressive when slamming down their phones that they shatter the receivers. Likewise, bankers sometimes throw their keyboards, or crush them with their fists.

Things have got to the point that the Hong Kong bank's management, fed up with replacing basic office equipment so frequently, has instituted a cap for its traders. Break up to three keyboards or phones and the company will replace them. But if you insist on indulging your rage-filled habit further, you’ll be footing the bill.

I’ll be curious to see how many traders care about these new limits, and how many choose to continue taking their anger out on the equipment. Perhaps the banks would be better off investing in some anger management courses, or an office punching bag. Or better yet, maybe they could offer in-house massages to magic away the tension. Now, I know just the right people for that. 

  • By Taipan
  • 03 May 2018

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 19.93
2 Industrial and Commercial Bank of China (ICBC) 13.40
3 China Merchants Securities Co 12.94
4 Agricultural Bank of China (ABC) 7.84
5 China Securities 6.54

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 9,832.84 52 7.38%
2 Goldman Sachs 9,185.04 39 6.89%
3 Morgan Stanley 8,062.73 52 6.05%
4 China International Capital Corp Ltd 7,479.26 47 5.61%
5 UBS 7,418.27 53 5.56%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 23,142.11 201 8.39%
2 Citi 17,309.40 129 6.28%
3 JPMorgan 14,329.96 97 5.20%
4 Standard Chartered Bank 12,554.94 122 4.55%
5 Bank of America Merrill Lynch 10,322.96 79 3.74%

Asian polls & awards

  • GlobalCapital reveals SRI Award nominations

    GlobalCapital has published the nominations for its Sustainable and Responsible Capital Markets Awards. The winners will be announced on September 17, at our Awards Ceremony in Amsterdam.

  • GlobalCapital SRI Awards: poll extended

    In response to requests from market participants, GlobalCapital has extended the closing date of its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants can now vote until July 26.

  • GlobalCapital opens 2019 poll for SRI Awards

    GlobalCapital has launched its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants are invited to participate.

  • GlobalCapital launches Sustainable Financing and Investing Survey

    GlobalCapital is conducting a global research survey on the fast-changing markets for sustainable financing and investing. It will combine the views of issuers and investors to give a nuanced picture of how this trend is changing capital markets for both groups.

  • GlobalCapital Asia capital markets awards 2018: Investment banks

    In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out the Best Asian Investment Bank and the Best Investment Bank in the region for 2018.