Morgan Stanley cuts dozens of investment banking jobs in Asia-Pacific, sources say

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Morgan Stanley News

Asia-Pacific Region,Investment Banking

HONG KONG (Reuters) -Morgan Stanley is cutting at least 50 investment banking jobs in the Asia-Pacific region due to a deals slump, two sources with...

FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New YorkHONG KONG -Morgan Stanley is cutting at least 50 investment banking jobs in the Asia-Pacific region due to a deals slump, two sources with knowledge of the matter said.

Bankers based in Hong Kong and mainland China are going to be affected the most, they said. All of the sources declined to be named as they were not authorised to speak to media.In the Asia-Pacific region, merger and acquisition advisory fees for the bank in the first quarter dropped 41.5% to $30.4 million, its latest earnings report showed.

Trump says $175 million bond is financially secure, asks judge to reject New York attorney general’s challenge

 

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:

 /  🏆 47. 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.

Bank of America, Morgan Stanley stocks up on Q1 earnings beatShares of Bank of America (BAC) and Morgan Stanley (MS) are rising Tuesday morning after reporting first quarter earnings. Both companies beat Wall Street...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »