• Morgan Stanley to slash 1,500 jobs

    New York-based bank Morgan Stanley will axe 1,500 employees across its businesses worldwide as part of a year-end efficiency drive, according to people with knowledge of the matter. The job cuts will affect managing directors, senior executives at its currency and bond desks in New York and London, and staff in technology and operations units, as well as executives in sales, trading, and research operations, said sources. The reductions will represent about 2% of the bank’s total workforce. The firm will take a charge of about USD150m…

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