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The bank has started trimming roles in middle office functions including human resources and digital transformation in Asia in the last few weeks, according to people familiar with the matter, who asked not to be identified as the information is private.
Move is part of Asia-focused lender’s existing plan to cut costs by more than $1.35 billion through 2024. Read more at straitstimes.com.
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A tough economic environment and muted deal-making have dented revenue across the global financial industry
Morgan Stanley CEO James Gorman led the firm through a spate of acquisitions that greatly elevated its position in the wealth management sector and his successor may e...
Goldman Sachs Group Inc plans to cut more jobs as a difficult economic environment weighs on dealmaking and trading revenue may slump 25 per cent this quarter, the bank’s president said.