SEEKING ALPHA reports:
With business outlooks hindered by a dealmaking drought and sluggish market conditions in China, Morgan Stanley (NYSE:MS) is planning to axe about 50 investment-banking staffers in the Asia-Pacific region, according to a recent media report.
China, the world’s second-biggest economy, is grappling with instability amid a lingering property crisis and ongoing uncertainty surrounding economic growth.
At least 80% of the planned job reductions will be in China and Hong Kong, impacting …
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