Theodore's World: Obama to blame......Morgan Stanley To Cut 1,600 Jobs

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January 11, 2013

Obama to blame......Morgan Stanley To Cut 1,600 Jobs

Morgan Stanley To Cut 1,600 Jobs

FOX News

Morgan Stanley plans to slash 1,600 jobs in what may be just the beginning of a new round of layoffs at large investment banks, this time driven by a deeper reassessment of Wall Street businesses in the face of new regulations and capital standards.

Morgan Stanley, the sixth-largest U.S. bank by assets, plans to begin letting go of the employees, many of whom work in its securities unit, starting this week, two people familiar with the matter said on Wednesday.

Wild Thing's comment.........................

More layoffs continue and all due to Obama and his effect on our country.

Posted by Wild Thing at January 11, 2013 01:40 AM