Morgan Stanley, the second-biggest U.S. securities firm, plans to reduce headcount as much as 5 percent in the next few months after bets on subprime mortgages saddled the bank with a $3.6 billion fourth-quarter loss…
Morgan Stanley, the second-biggest U.S. securities firm, plans to reduce headcount as much as 5 percent in the next few months after bets on subprime mortgages saddled the bank with a $3.6 billion fourth-quarter loss…