Morgan Stanley Said to Plan Global Fixed-Income Job Cuts

Updated on
  • Cuts would be across regions and take place in next two weeks
  • Bank's fixed-income trading revenue dropped 42% last quarter

Morgan Stanley to Cut Fixed-Income Staff

Morgan Stanley is planning a reduction of as much as a quarter of its fixed-income staff after years of revenue declines and insufficient returns, according to people with knowledge of the plans. The shares rose.

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