Investment banks brace for more Asia job cuts as China crisis deepens

Investment banks brace for more Asia job cuts as China crisis deepens

FILE PHOTO: An evening view of the financial Central district and Victoria Harbour in Hong Kong, China, May 9, 2023. REUTERS/Tyrone Siu/File Photo

Job cuts at Western investment banks in Asia are expected to increase this year as revenue pressures rise due to deepening economic and market turmoil in China, even as deal prospects brighten in Japan and India, headhunters and bankers said.

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