Morgan Stanley weighs cutting 7% of Asia investment bank jobs

Morgan Stanley weighs cutting 7% of Asia investment bank jobs

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 considering a 7% cut in its Asia-Pacific investment banking workforce, or about 40 jobs, according to a source with direct knowledge of the matter.