Total compensation for bank CEOs since the financial crisis has fallen, on average, by US$2 million per global bank CEO, a study for the Bank for International Settlements found.  The study looked at ten Australian entities amid a worldwide sample. The variable part of CEO compensation "has been squeezed from 59 to 49 per cent, " the study found. The fixed part of bank CEO compensation (ie their the salaries,) has also fallen from US$1.23 million to US$1.11 million on average, since the financial crisis. Shinhan Financial Group, from South Korea, will buy ANZ's retail business in Vietnam, the first of it's remnant businesses in Asia to be carved off since the bank, in late 2016, agreed to sell five of its largest Asian retail and wealth businesses to Singapore's DBS Bank. ANZ said the retail business being sold serves 125,000 customers in Vietnam, and includes A$320 million in lending assets and A$800 million in deposits. Neither ANZ nor Shinhan would disclose the terms of the sale. ANZ said the "book value for the sale of the retail business in Vietnam is not material to the ANZ Group." Standard & Poor's lowered its rating on one facet of Liberty Financial's fundraising activities. S&P cut the rating on Liberty Funding's Liberty Sirius Series to A-1 from A-1+. Liberty Sirius "executed transaction document amendments that changed the minimum rating requirement for support facility providers, bank account providers, swap counterparties, and authorised investments to A-1 from A-1+," S&P said.