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."

Swiss Re CFO Says 4Q Impacted by Natural Catastrophes
05:02 - David Cole, chief financial officer at Swiss Re, discusses fourth-quarter results as profit fell 45 percent and the company announced a buyback program and increased the regular dividend. He speaks with Bloomberg's Anna Edwards on "Bloomberg Markets: European Open." (Source: Bloomberg)
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