Morgan Stanley to cut 1,600 jobs soon: source | Bangkok Post: news

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Morgan Stanley to cut 1,600 jobs soon: source

US bank Morgan Stanley is planning to eliminate 1,600 jobs in its institutional securities business in the coming weeks, a person close to the situation said Wednesday.

US bank Morgan Stanley is planning to eliminate 1,600 jobs in the coming weeks, a person close to the situation said.

The job cuts, due to "market conditions," will occur half in the United States and half abroad, the person, who spoke on condition of anonymity, told AFP.

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