Morgan Stanley Chief Warns Of More Cuts

Morgan Stanley ceo James Gorman warned of another round of staff cuts in addition to the 4,000 jobs to be eliminated by the end of this year.

  • 05 Oct 2012

Morgan Stanley ceo James Gorman warned of another round of staff cuts in addition to the 4,000 jobs to be eliminated by the end of this year. There will be a reduction in pay and bonuses to make up for a decline in profits.

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All International Bonds

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4 Bank of America Merrill Lynch 48,274.42 172 5.96%
5 Deutsche Bank 43,665.36 159 5.39%

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4 Commerzbank Group 2,532.05 5 6.20%
5 BNP Paribas 1,798.71 8 4.40%

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1 UBS 998.25 3 12.17%
2 Citi 693.55 2 8.46%
3 Morgan Stanley 606.80 4 7.40%
4 Bank of America Merrill Lynch 509.34 3 6.21%
5 Jefferies LLC 409.89 4 5.00%