SA: US CFOs’ top priority is cost-cutting amid economic uncertainty, survey finds
SEEKING ALPHA reports: With economic and geopolitical uncertainty lingering, finance chiefs in the U.S. have directed ...
SEEKING ALPHA reports:
With business outlooks hindered by a dealmaking drought and sluggish market conditions in China, Morgan Stanley (NYSE:MS) is planning to axe about 50 investment-banking staffers in the Asia-Pacific region, according to a recent media report.
China, the world’s second-biggest economy, is grappling with instability amid a lingering property crisis and ongoing uncertainty surrounding economic growth.
At least 80% of the planned job reductions will be in China and Hong Kong, impacting some 13% of the 400 bankers in the region, excluding Japan, Bloomberg reported…
(…)
HSBC Holdings (NYSE:HSBC) has already started a fresh round of layoffs of some 12 bankers, Bloomberg reported Tuesday, joining a barrage of financial heavyweights in cutting jobs, including Bank of America (BAC), UBS Group (UBS), Citigroup (C), JPMorgan Chase (JPM) and Goldman Sachs (GS).
The full post is here.
Comment on this article