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.
Read More : Morgan Stanley Contemplating Expanded Layoffs Amid Ongoing Banking Worries