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TOP STORIESJP Morgan or Stan Chart: which is the better employer?1 July 2009COMMENTSStan Chart is great, if you want your whole career to be in Asia. JPM gives you better opportunities to work in Western markets. Read all comments »In the battle to become Asia’s best bank, J.P Morgan and Standard Chartered are emerging from the rubble as clear favourites. But which firm would you rather work for? The global powerhouse or the Asian champion? J.P.Morgan recently topped The Banker magazine’s annual list of the strongest 1,000 international banks, moving up from fourth place a year earlier. The rankings, which have run since the 1970s, are based on capital strength, or the amount of Tier 1 capital held. J.P.Morgan was helped by its takeover of Bear Stearns and Washington Mutual. Standard Chartered, unlike British rivals RBS and Lloyds, hasn’t needed a government bailout, and raised US$1.8bn from investors last year to increase capital and increase its buffer against bad loans. And although its workforce is 2,500 people lighter than late last year, it is hiring again in Singapore and Hong Kong. Recent results show that these two centres performed particularly well for Stan Chart’s wholesale banking unit. Which bank is performing better in your mind? And which is the best place to build your career? Let us know below.
COMMENTSTony, Information Technology, Wed 01 Jul 09Stan Chart is great, if you want your whole career to be in Asia. JPM gives you better opportunities to work in Western markets. So it depends where you see yourself in the future. Add your comment »jpfor me, Information Technology, Wed 01 Jul 09As a grad or junior, i'd still say, given the choice, you should go for JP Morgan. It's still better know and better respected across the globe and will open up more doors for you. forget best in asia, it's the best in the world now that the other giants have fallen Add your comment »Alice, Information Technology, Wed 01 Jul 09in Singapore, you probably have more of a shot at landing a Sc job - you can't be fussy in the current environment....most people just won't have a choice between banks. If u do, count yourself very luck and say yes to jp morgan - it's bigger & better Add your comment »yy, Information Technology, Wed 01 Jul 09SC better than JP? you have to be joking. it's like comparing a Fiat to a Ferrari Add your comment »Steven, Capital Markets, Thu 02 Jul 09I will definitely chose JPM rather than SC, even though SC has acquired Cazenove Asia. Add your comment »fren, Information Technology, Thu 02 Jul 09It will be JP for me cos the platform is totally different. Add your comment »simonchan_sg, Information Technology, Thu 02 Jul 09JPM would be the way to go. SCB was not able to capitalise during the last crisis and as a result its competitors regained market share with ease - looks like history will be repeating itself again! Add your comment »danny, Investment Banking / M & A, Thu 02 Jul 09SCB? oh, no...much more office politics Add your comment »trey, Industry & Commerce, Thu 02 Jul 09There is no comparison between JPM and SCB. JPM is miles ahead. Add your comment »brian, Industry & Commerce, Thu 02 Jul 09Fore me, its JP Morgan. So far it played its cards right by acquiring battered firms that up to now, do not cause much of a problem for the bank unlike other banks' acquisitions.
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