While many banks are eliminating jobs globally, the cuts in Asia – and China in particular – are the biggest in years. China’s economy is struggling to get back on its feet after years of COVID-19 restrictions and crackdowns on everything from financial technology to private education and real estate. More rounds of cuts are being considered at the biggest banks, senior executives have said. Morgan Stanley last month made another round of reductions affecting 7 per cent of its Asia-Pacific investment bankers, with more than 40 jobs at risk. China-focused bankers are taking the biggest hit as deteriorating relations...