Morgan Stanley Expected to Cut 700 Jobs by Year-End

July 19 (Bloomberg) -- Bloomberg's Betty Liu and Dominic Chu report that Morgan Stanley’s headcount will fall by more than 700 by the end of this year, Chief Financial Officer Ruth Porat said. Morgan Stanley has already cut 3,272 jobs since the start of 2012 and the firm expects that number to climb to 4,000 by the end of the year. They speak on Bloomberg Television's "In The Loop."

Has Monetary Policy Reached Its Limit in Japan?
56:35 - Michael Every, head of financial markets research for Asia at Rabobank, discusses the Bank of Japan's policy moves, why they're not working and what he says needs to happen. He speaks to Bloomberg's Rishaad Salamat on "Asia Edge." (Source: Bloomberg)
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