Market Wrap Daily

Posted by Market Wrap Daily | Posted in: Financial, Recent

Morgan Stanley (NYSE: MS) to cut 1,600 jobs

Morgan Stanley (NYSE: MS) will cut 1,600 employees in the first quarter, the bank said on Thursday, as it trims costs in a difficult period for trading and banking revenue.

Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals. The Company is a financial holding company. The Company is a global financial services firm. The Company operates in three segments: Institutional Securities, Global Wealth Management Group and Asset Management.

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