Deutsche Bank AG, Morgan Stanley Cut Australia-Based Staff-DJ
Dow Jones reported that at least five employees of Deutsche Bank AG's institutional client group and less than 10 from Morgan Stanley's institutional equities division in Australia were cut on Monday. The Australian job losses at both banks followed a sharp slowdown in markets last year, and form part of a wider restructuring taking place with around 500 positions globally at Deutsche due to be removed and 1,600 jobs internationally at Morgan Stanley to be eliminated by the end of March.
Latest Developments for Morgan Stanley
Latest Key Developments in Investment
- Share this
- Digg this