Morgan Stanley to cut about 50 investment-banking jobs in APAC, Bloomberg News reports-March 2024-www.financetom.com

Morgan Stanley to cut about 50 investment-banking jobs in APAC, Bloomberg News reports

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Morgan Stanley to cut about 50 investment-banking jobs in APAC, Bloomberg News reports

Apr 16, 2024 7:50 PM

April 16 (Reuters) - Morgan Stanley ( MS ) plans to

start cutting about 50 investment-banking jobs in the

Asia-Pacific region this week, Bloomberg News reported on

Tuesday.

The planned job cuts affect about 13% of the 400 bankers in

the region, excluding Japan, the report said, citing a person

familiar with the matter.

(Reporting by Disha Mishra in Bengaluru; Editing by Subhranshu

Sahu)

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