Morgan Stanley (MS) is planning 1,600 job cuts in coming weeks - Bloomberg

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Morgan Stanley (MS) Continues Trimming Fat with New Round of Cuts

January 9, 2013 11:31 AM EST

Morgan Stanley (NYSE: MS) will announce job cuts to 1,600 positions, according to reports out Wednesday.

Cuts will come in the institutional securities business and focus more on senior employees. Half the cuts will come from U.S. operations.

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