Daily Dispatches: RBS - you lose some, you win some
Royal Bank of Scotland has lost another senior banker in Australia within weeks of a stunning raid from rival Nomura, but the bank is also hitting back, adding three bankers to its Sydney equities team. (The Australian)
Perpetual Investment Management has forged a partnership with US hedge fund manager Ramius Alternative Solutions to give its wealthy clients access to two custom-built funds of hedge funds. (The Australian)
The big banks may soon be forced to curb sales of mortgages after a feeding frenzy on housing over the past 18 months has lifted their share of the nation's property market to record levels. (Sydney Morning Herald)
Credit Suisse has strengthened its pension strategies and transition management team with an appointment in Australia. The group's Sydney office recently hired Tom Wyse from Deutsche Bank to bolster its transition management capabilities in the Asia-Pacific region. (Investor Daily)
The Commonwealth Bank sees brokers as playing a key role in its push to top Roy Morgan's customer satisfaction survey, rewarding brokers who provide excellent customer service with a bonus should the bank achieve its goal. (The Adviser)