News Formal

Morgan Stanley, HSBC to cut dozens of investment banking jobs in Asia Pacific region: sources

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Streetwise 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The cuts come as weaker deal making and sluggish markets in China and Hong Kong weigh on business prospects

and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week, sources said, as they ramp up cost-cutting, with weaker deal making and sluggish markets in China and Hong Kong weighing on business prospects.

More global investment banks may follow suit in the near future as they come under increased pressure to rein in costs amid rapidly falling income from the capital market and M&A advisory businesses. The top listing destinations for Chinese companies are facing a drought in deal making and shrinking valuations.

IPOs in mainland China dropped 82 per cent from a year earlier to just $2.4-billion during the same period, the smallest quarterly fundraising since the fourth quarter of 2018, showed the LSEG data.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 31. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Morgan Stanley cuts dozens of investment banking jobs in Asia-Pacific, sources sayHONG 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...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Oil stock outperformance to continue, says Morgan Stanley chief investment officerDaily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »