Europe's leading banks each year book 20 billion euros ($24 billion), or 14 percent of their total profits, in 17 territories with particularly favourable tax regimes
Urs Brudermann, at Credit Suisse for the past 11 years and most recently as team leader for Thailand, joins Deutsche's wealth management arm as managing director and group head of Southeast Asia, Deutsche said in a statement
Citi Group, Morgan Stanley, UBS Group AG and Deutsche Bank AG have already increased pay for their first-year analysts to around $100,000, a raise of about $15,000