UBS, Morgan Stanley cutting Asia investment banker bonuses as deals cool

UBS, Morgan Stanley cutting Asia investment banker bonuses as deals cool

Pedestrians pass beneath a UBS sign outside a UBS AG bank branch in Zurich, Switzerland, on Thursday, Oct. 23, 2014. Photographer: Gianluca Colla/Bloomberg

Global banks including Morgan Stanley and UBS Group AG are cutting investment banker bonuses in Asia after deals cooled, with senior employees taking the biggest hit, people familiar with the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter