Morgan Stanley Plans More Layoffs

digg Share this on Facebook Huffpost - Morgan Stanley Plans More Layoffs stumble reddit del.ico.us RSS


First Posted: 11-12-08 09:47 PM   |   Updated: 12-13-08 05:12 AM

I Like ItI Don’t Like It
Morgan Stanley

New York Times:

Morgan Stanley said Wednesday it would cut 10 percent of the staff in its institutional securities group and 9 percent of its asset-management group, as the Wall Street firm takes steps to weather the financial crisis and remake itself as a bank holding company.

The layoffs, mentioned at a financial services conference Wednesday, would be in addition to the thousands of jobs cuts that Morgan Stanley has already announced since the summer of 2007, when the mortgage crisis flared and the credit markets began to seize up, Reuters said.

Read the whole story: New York Times

Morgan Stanley said Wednesday it would cut 10 percent of the staff in its institutional securities group and 9 percent of its asset-management group, as the Wall Street firm takes steps to weather the...
Morgan Stanley said Wednesday it would cut 10 percent of the staff in its institutional securities group and 9 percent of its asset-management group, as the Wall Street firm takes steps to weather the...
Filed by Nick Sabloff  |  Report Corrections
 
Comments
4
Pending Comments
0
iPhone App Promo

Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to

View Comments:
- LORISNJ I'm a Fan of LORISNJ 38 fans permalink
photo

sorry wrong post

    Favorite    Flag as abusive Posted 10:02 AM on 11/13/2008
- LORISNJ I'm a Fan of LORISNJ 38 fans permalink
photo

These are the 20,000 Americans who avoided paying $300 million in taxes on $20 billion in profits - these are the ones that the Republicans don't want Obama to raise their taxes - these un-Americans don't even want to pay their reduced taxes. Sweet!

The party is over for billionaires, maybe if you pay your fair share for awhile our economy can get back on track, until then your trust fund babies will have to settle for just being filthy rich instead of obscenely rich.

    Favorite    Flag as abusive Posted 10:01 AM on 11/13/2008
- darthdarcy I'm a Fan of darthdarcy 48 fans permalink
photo

This is bonus consolidation...!

Simple as that..

    Favorite    Flag as abusive Posted 01:39 AM on 11/13/2008
photo

More republicans on the street... oh well.

    Favorite    Flag as abusive Posted 10:25 PM on 11/12/2008
Comments are closed for this entry

 You must be logged in to comment. Log in  or connect with 

Connect