Morgan Stanley to cut about 50 investment-banking jobs in APAC

Morgan Stanley to cut about 50 investment-banking jobs in APAC

FILE PHOTO: The Morgan Stanley logo is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 19, 2017. REUTERS/Brendan McDermid/

Morgan Stanley is cutting at least 50 investment banking jobs in the Asia-Pacific region due to a deals slump, two sources with knowledge of the matter said.