The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: January 21, 2025
Today: January 21, 2025

Morgan Stanley to cut around 50 investment banking jobs in Asia-Pacific, sources say

FILE PHOTO: Logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong
July 02, 2024
Reuters - Reuters

HONG KONG (Reuters) - Morgan Stanley is cutting around 50 investment banking jobs in the Asia-Pacific region due to a deals slump, sources with knowledge of the matter said.

Investment bankers based in Hong Kong and mainland China are going to be affected the most, they said, declining to be named as they are not authorised to speak to media.

A Morgan Stanley spokesperson declined to comment.

Bloomberg reported the job cuts first on Wednesday.

(Reporting by Selena Li, Kane Wu and Julie Zhu in Hong Kong, Scott Murdoch in Sydney; Editing by Muralikumar Anantharaman)

Related

Asia|Business|Technology

Indonesia fines Google $12 million for unfair business practices

Indonesia's antitrust agency on Tuesday ordered Google to pay fines about 202 billion rupiah ($12.37 million) for unfair business practices related to its payment system services

Indonesia fines Google $12 million for unfair business practices
Asia|Business|Economy|Finance|MidEast

Pakistan says it has agreed $1 billion loan with two Middle East banks

Pakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6%-7% interest rate, its Finance Minister Muhammad Aurangzeb told

Pakistan says it has agreed $1 billion loan with two Middle East banks
Asia|Business|Economy|Political|World

Indonesia's President Prabowo to spend $3 billion on new capital city through 2029

Indonesia's new President Prabowo Subianto plans to spend 48.8 trillion rupiah ($2.99 billion) through 2029 to build the new capital city "Nusantara", with a target of relocating

Indonesia's President Prabowo to spend $3 billion on new capital city through 2029
Asia|Australia|Political|US|World

Quad foreign ministers meet in Washington in signal of Trump's China focus

U.S.

Quad foreign ministers meet in Washington in signal of Trump's China focus
Share This

Popular

Asia|Economy|Finance|Political|Stock Markets

Whipsawed dollar and fog of uncertainty? Get used to it

Whipsawed dollar and fog of uncertainty? Get used to it
Asia|Political|US|World

Rubio kicks off Trump foreign policy engagements in meetings with Indo-Pacific 'Quad'

Rubio kicks off Trump foreign policy engagements in meetings with Indo-Pacific 'Quad'
Asia|MidEast|Political|US|World

Aiming to weaken US foes, Trump faces an 'unholy alliance'

Aiming to weaken US foes, Trump faces an 'unholy alliance'
Asia|Business|Economy|Finance|Political|US

In Davos, Malaysia's Khazanah looks to developed market investments, tame Trump risks

In Davos, Malaysia's Khazanah looks to developed market investments, tame Trump risks

Thanks for reading The Los Angeles Post

Create your free account or log in to continue reading.

Already have an account? Sign In