Morgan Stanley job cuts - FOX 10 News | myfoxphoenix.com

Morgan Stanley job cuts

Posted: Updated:
NEW YORK (MYFOXNY) -

Morgan Stanley is planning to eliminate 1,600 jobs in the coming weeks, a person close to the situation told the AFP on Wednesday.

Half the job cuts will occur in the United States and half in the bank's international operations, the source reportedly said.

The WSJ reported that the cuts would equal 3% of the firm's staff with an emphasis on cutting senior employees.

Morgan Stanley is the sixth-largest U.S. bank.

It reportedly plans to inform affected employees over the coming weeks.  It cut its headcount by 7% last year.

  • Manhattan NewsManhattan NewsMore>>

  • NYPD Twitter hashtag backfires

    NYPD Twitter hashtag backfires

    Tuesday, April 22 2014 9:14 PM EDT2014-04-23 01:14:35 GMT
    An NYPD plan intended to better connect with the community seems to have backfired a bit. The police department asked its twitter followers to share pictures of themselves with New York City police officers using the hashtag "myNYPD." Some did share nice pictures, but others not so much.Some of the first pictures posted showed regular citizens standing with very friendly looking police officers.
    An NYPD plan intended to better connect with the community seems to have backfired a bit. The police department asked its twitter followers to share pictures of themselves with New York City police officers using the hashtag "myNYPD." Some did share nice pictures, but others not so much.Some of the first pictures posted showed regular citizens standing with very friendly looking police officers.
  • Airbnb fights NY attorney general's subpoena

    Airbnb fights NY attorney general's subpoena

    Tuesday, April 22 2014 7:06 PM EDT2014-04-22 23:06:24 GMT
    Renting out someone's apartment is an easy way to get an inexpensive place to stay if you're a tourist, and cheaper and more convenient than most hotels. But now the government is stepping in and trying to get a handle on a booming business that may not be playing by the rules. State Attorney General Eric Schneiderman is squaring off in court with multi-million dollar Internet company Airbnb.
    Renting out someone's apartment is an easy way to get an inexpensive place to stay if you're a tourist, and cheaper and more convenient than most hotels. But now the government is stepping in and trying to get a handle on a booming business that may not be playing by the rules. State Attorney General Eric Schneiderman is squaring off in court with multi-million dollar Internet company Airbnb.
  • Tavern on the Green to reopen with new owners, look, menu

    Tavern on the Green to reopen with new owners, look, menu

    Tuesday, April 22 2014 6:06 PM EDT2014-04-22 22:06:28 GMT
    The new Tavern on the Green is all about the details. From the sheep's head on the fireplace (an ode to Sheep Meadow across the way) to the gold leaf trim in the dining room, everything is a reminder that you're sitting in Central Park. Owner Jim Caiola and his life partner spent the last two years and $20 million redoing the inside of the iconic restaurant after it went bankrupt in 2009.The old-fashioned Crystal Room is gone but now there is a more modern-looking glass wall.
    The new Tavern on the Green is all about the details. From the sheep's head on the fireplace (an ode to Sheep Meadow across the way) to the gold leaf trim in the dining room, everything is a reminder that you're sitting in Central Park. Owner Jim Caiola and his life partner spent the last two years and $20 million redoing the inside of the iconic restaurant after it went bankrupt in 2009.The old-fashioned Crystal Room is gone but now there is a more modern-looking glass wall.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices