News Formal

Morgan Stanley weighs cutting 7% of Asia investment bank jobs - Bloomberg News

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

Morgan Stanley is considering a 7 per cent cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit, Bloomberg News reported on Tuesday, citing people familiar with the matter.The bank is likely to start communicating with affected bankers as soon as this week, with more tha

Morgan Stanley is considering a 7 per cent cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The bank is likely to start communicating with affected bankers as soon as this week, with more than 40 jobs at risk, including those with the capital markets unit, Bloomberg News said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks steady despite China data miss, helped by weaker dollar outlookHONG KONG : Asia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with investors expecting the world's second-biggest economy to provide policy support.Expectations that the dollar will soften also cushioned emerging markets, although investors were wary of crucial U.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »