The Wall Street firm had paused layoffs during the pandemic, as deal activity spiked industrywide. The layoffs will affect workers across all divisions.
Category: Morgan Stanley
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Morgan Stanley Cuts 2% of Global Work Force as Deal-Making Slows
The New York Times – Business: -
BlackRock Expands Client Voting in Shareholder Elections
The New York Times – Business:The money manager said it will let more clients vote individually in companies’ elections, as it faces criticism of its own shareholder power.
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What the Banks Stock Rally Says About Wall Street
The New York Times – Business:A strong batch of earnings have propelled bank stocks in recent days, but investors remain more cautious on the outlook of Goldman Sachs and Morgan Stanley.
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JPMorgan, Citigroup and Other Big Banks See Profits Drop
The New York Times – Business:Lenders foresee economic “headwinds,” but household spending is mostly holding up, buffering profits from turmoil in financial markets.