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…
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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).
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