Message from Coach:
On this week’s market summary:
1️⃣Citigroup said on Wednesday it had promoted the head of its wealth and retail banking business in Singapore to a newly created role overseeing its Citigold Private Client business focused on retail high-net-worth clients in Asia, Europe, Middle East and Africa.
2️⃣ING, the Netherlands largest bank, has become the latest major European lender to report a rising impact from coronavirus-induced loan defaults, driving its second-quarter profits down 79 per cent.
3️⃣The U.K. will overhaul its planning approval system for new homes, with the government focused on infrastructure to reboot an economy that’s bracing for what could be its deepest recession in three centuries.
4️⃣Property transactions in Hong Kong may drop by about a 10th in August, with second-hand home sales leading the way with a 20 per cent plunge, as a third wave of Covid-19 infections deters buyers, according to real estate analysts.
5️⃣Singapore Exchange Ltd.’s regulatory arm wants to beef up its enforcement powers, as it seeks to deter wrongdoing at a time when companies face financial pressure from the coronavirus pandemic.
One of the must-ask interview questions for banking and finance is: “Have you read any news recently?”, with the follow-up questions: “How would you link this news to the market and what investment suggestions would you give to your clients based on this news?” . Showing your market sense and ability to provide feasible investment ideas would help to differentiate you from other candidates. Therefore, apart from the weekly news update / investment insights, we have also generated this Weekly Market Summary for you to have a quick understanding of the market development and tips to answer some hot discussion topics.
Take a look of the summary and WhatsApp us in the group if you have questions.