--Morgan Stanley plans to cut around 50 Asia-Pacific investment-banking positions starting this week, with at least 80% of the cuts in Hong Kong and mainland China, in its biggest round of job cuts for China in years, Bloomberg reports, citing people familiar with matter.

--The proposed job cuts affect around 13% of Morgan Stanley's 400 bankers in the region, excluding Japan, one of the people said.

--Morgan Stanley didn't immediately respond to a request for comment by Dow Jones Newswires.


Full story: https://tinyurl.com/yn2tjwjd


Write to Tracy Qu at tracy.qu@wsj.com


(END) Dow Jones Newswires

04-17-24 0003ET