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Morgan Stanley to cut up to 25% of fixed-income jobs

Morgan Stanley to cut up to 25% of fixed-income jobs

Morgan Stanley plans to cut up to 25 percent of its fixed-income jobs, according to a person familiar with the matter.

The workforce reduction will be across all regions and is set to take place in the next two weeks, the person said.

Morgan Stanley bets on smaller bond unit, defying skeptics

In early 2011, Morgan Stanley Chief Executive James Gorman thought he had finally figured out how to rebuild the bank`s depleted bond trading business without taking too much risk.

Morgan Stanley CEO to receive $10.5 million

Morgan Stanley Chief Executive James Gorman was awarded a USD 10.5 million bonus for 2011, down 25 percent from the previous year, according to a source familiar with the matter.

Morgan Stanley Chairman Mack to retire at year-end

Morgan Stanley Chairman John Mack, whose sharp elbows and aggressive cost-cutting tactics earned him the nickname "Mack The Knife," will step down at the end of the year, fully handing the reins to Chief Executive James Gorman.