More on Morgan Stanley (MS -0.6%): The 1.6K job cuts amount to 6% of the investment bank staff...

|About: Morgan Stanley (MS)|By:, SA News Editor

More on Morgan Stanley (MS -0.6%): The 1.6K job cuts amount to 6% of the investment bank staff and 3% of the overall bank headcount. The eliminations will be top-heavy - a focus on more senior employees - according to a source. Thus far, Morgan isn't getting the stock price pop often accompanied by news of lowered expenses. (previous)