More signs of global banking revival
Indications that the collapse in banking confidence at the epicenter of the GFC is starting to turn around continue to emerge as more banks announce global expansion plans.
Close to home, it has been reported that First Commercial Bank, one of Taiwan's largest privately owned banks, will be setting up its Australian headquarters in Brisbane.
The new branch will initially employ up to 15 people and invest about $80m in its first year of operations, AAP reported.
First Commercial Bank has about 7,000 staff globally working in almost 200 branches.
Further a field, US banking also appears to be reviving with news that Silicon Valley Bank, a commercial bank for companies in the technology, life science, venture capital and premium wine industries, is opening a representative office in Shanhai.
Earlier this month it was reported in The Australian that investment banks had started recruitment drives again with Deutsche Bank hiring 35 bankers, brokers and analysts across its business after gaining market share in the past few months.
Indications that the collapse in banking confidence at the epicenter of the GFC is starting to turn around continue to emerge as more banks announce global expansion plans.
Close to home, it has been reported that First Commercial Bank, one of Taiwan's largest privately owned banks, will be setting up its Australian headquarters in Brisbane.
The new branch will initially employ up to 15 people and invest about $80m in its first year of operations, AAP reported.
First Commercial Bank has about 7,000 staff globally working in almost 200 branches.
Further a field, US banking also appears to be reviving with news that Silicon Valley Bank, a commercial bank for companies in the technology, life science, venture capital and premium wine industries, is opening a representative office in Shanhai.
Earlier this month it was reported in The Australian that investment banks had started recruitment drives again with Deutsche Bank hiring 35 bankers, brokers and analysts across its business after gaining market share in the past few months.