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."

President Trump's 100 Days in Office: Charlie Rose
40:12 - On "Charlie Rose," a look at President Trump's 100 days in office. (Source: Bloomberg)
  • The Battle Between OPEC and U.S. Shale
  • BofAML's Woo Sees Global Synchronized Recovery Roll Over
  • Turkey Prime Minister Yildirim on Investment