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Hard Year for Investment Banks in Southeast Asia

Investment banks are roving out a roughest spell in Southeast Asia in 6 years.

Slowing economies have led to a scrapping of several initial open offerings, a drought in mergers and acquisitions and a thrust in internal currencies that has disheartened investors from shopping batch and holds released locally. Revenues from investment banking in a region, that encompasses countries such as Singapore and Indonesia, had forsaken 14%…

Article source: http://www.wsj.com/articles/hard-year-for-investment-banks-in-southeast-asia-1440014428

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