Morgan Stanley lays off senior bankers

Morgan Stanley this week laid off several private bankers, including one vice-president and some associates and analysts.

The bank joins several of its peers in Hong Kong that have been firing private bankers, in a year marked by weak markets, dwindling client appetite for investment and trading, and intense competition.

Julius Baer and Goldman Sachs are among others that have also laid off staff recently. Morgan Stanley declined to comment.

via Business feed http://www.scmp.com/business/banking-finance/article/1076578/morgan-stanley-lays-senior-bankers