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Job cuts mount as Asian investment banking fees slide

Fee data shows slump in equity underwriting revenues exerting the greatest pressure

Figures from Thomson Reuters SDC show Goldman has slipped from first to eighth on the Asia ECM league table.

Hong Kong

THE future of Asian investment banking is again under scrutiny as global banks scale back their operations in the region.

Goldman Sachs and Bank of America Merrill Lynch (BAML) are both cutting investment bankers in response to declining advisory fees and heightened local