Key takeaways
- Morgan Stanley is rumored to be cutting 40 roles in its Asia-Pacific investment banking arm, having already slashed jobs in the department last year
- Morgan Stanley’s stock price were flat on the news
- Investment banking giants continue to struggle, but the worsening relationship between the US and China is also to blame
Investment banking behemoth Morgan Stanley is said to be weighing up job cuts in its Asia-Pacific investment banking department as part of its mass layoffs round announced earlier this month. 40 roles are thought to be affected, but the final figure could be higher.
Morgan Stanley has struggled this year as M&A has plummeted amid macroeconomic headwinds, but the largest economy in the world falling out with the second-largest economy in the world isn’t helping things. Here’s the latest on the rumored job losses and what the wider banking picture looks like at the moment.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased