MAJOR US investment bank Morgan Stanley has laid off nine per cent of its staff at its asset management business unit in China, reports Reuters. Two people with direct knowledge of the matter noted the country’s spiralling stock market dampens prospects for its US$3.8 trillion fund sector. Morgan Stanley Investment Management China started reducing headcount in December and the move has impacted about 15 employees, the people said on condition of anonymity as they were not authorised to speak...
https://www.seanews.com.tr/morgan-stanley-cuts-china-staff-9pc-in-stock-drop/199871/