Friday March 29, 2024 | Last Update: March 29, 2024 EDT
Morgan Stanley has announced in a press release that Alistair Darling, a former member of the British Parliament, has been elected to the Company’s board of directors.
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Morgan Stanely will be cutting 1,200 jobs, including about 470 traders and salespeople in the company’s fixed-income and commodities business, a person with knowledge of the matter told Bloomberg.
Morgan Stanley is planning to cut a quarter of its workforce, all of which will be coming from the debt and currencies division, people familiar with the matter told The Wall Street Journal. The job cuts are because of the Wall Street firm’s belief that the already months-long slump in trading revenues will persist.
An ex-employee from Morgan Stanley said he's sorry for stealing data from 350,00 clients but denied to be the one who posted the information online.
Multinational financial services company Morgan Stanley reported income that almost doubled, surpassing analysts’ forecasts.
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