Investment bank announces cull of fixed-income staff as regulatory changes and low,steady interest rates hits feesMore than 400 bankers are likely to be axed at the US investment bank Morgan Stanley, which is streamlining its bond-trading business amid a worldwide downturn in fee income.
Around 100 of the job cuts are expected to be made in London, and where the US bank has a base at Canary Wharf. Related: Uneasy mild in markets over expected US rate increase,say central bankers Continue reading...
Source: theguardian.com