(Reuters) – Morgan Stanley plans to cut 6 % of its institutional securities staff beginning this week, 2 folks familiar with all the matter mentioned about Wednesday, the newest signal of the pullback about Wall Street because revenue from trading plus deal-making remains inside the doldrums. Combined with associated job cuts amidst help staff, Morgan Stanley's staff reduction may amount to 1,600 persons, mentioned the sources, that were not authorized to talk publicly regarding the matter. …
There are no comments yet. Why not be the first to speak your mind.