Morgan Stanley to scale back mortgage business, cut 1,000 jobs (Straits Times)

Story date: 2008-02-13 06:34:04
Added on: 2008-02-13 19:00:15

NEW YORK - MORGAN Stanley on Wednesday said it will cut 1,000 jobs as the second-largest US investment bank trims its residential mortgage operations amid the continued deterioration of the mortgage markets.


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