The deliberations are at an early stage.
The headaches the year will bring.
The cuts could start as early as Wednesday.
Julius Baer said Asia may overtake Europe as its biggest revenue-generating region, as the wealth manager steps up hiring in Hong Kong and Singapore.
Pacific Investment Management Co. is seeking to expand in an increasingly affluent Asia.
JPMorgan Chase is expected to pay about $200m to settle criminal and civil probes over its Asian hiring practices, according to a person familiar with the matter.
Citigroup is merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia, the largest region for profit for the business outside North America, according to an internal memo seen by Reuters on Thursday.
Any Asia ex-Japan involvement announced January 1st - June 30, 2016.
BNY Mellon has appointed Richard Gill as head of its Markets business in Europe, the Middle East and Africa (EMEA). Gill will lead the regional business strategy and have overall responsibility for managing Markets within EMEA. He will report to Michelle Neal, president of BNY Mellon Markets.
Oversea-Chinese Banking Corp. agreed to pay about $320 million for Barclays Plc’s wealth and investment-management business in Asia, beating out DBS Group Holdings Ltd. in the bidding.