Morgan Stanley scales back mortgage business, to cut 600 jobs (Market Watch)

Story date: 2007-10-02 10:55:04
Added on: 2007-10-02 11:21:36

SAN FRANCISCO (MarketWatch) -- Morgan Stanley unveiled plans Tuesday to scale back its residential mortgage business, including cutting 600 jobs, as the investment bank responds to recent turmoil in the real-estate and home-loan markets.


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