Morgan Stanley is the most recent bank making cutbacks; others to pursue?

Morgan Stanley is eliminating roughly 1,500 positions in light of worries about financial vulnerability around the globe, an individual acquainted with the issue disclosed to CNN Business. The activity cuts speak to over 2% of the bank's workforce, which totaled 60,532 toward the finish of September. The cutbacks will slant towards innovation and task jobs, the source said. The whirlwind of formal notices comes as Wall Street firms face st....