Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Morgan Stanley to cut 1,600 jobs

Morgan Stanley to cut 1,600 jobs

Morgan Stanley is planning to cut around 1,600 jobs equating to 6% of investment bank staff in the coming weeks, according to reports.

Around half of the job reductions will be made in the US, while the remainder will be across international offices, says Bloomberg.

The bank made a similar move at the start of 2012, cutting a raft of jobs in the first quarter of the year, which amounted to around 2.6% of New-York based staff.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Wealth Manager on Twitter