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Morgan Stanley cuts 1,600 jobs as other firms signal slowdown in hiring

Morgan Stanley cuts 1,600 jobs as other firms signal slowdown in hiring

by Brian Pillmore | Dec 9, 2022 | Banks, Business, Financial, News

By: Ken Chase U.S. financial firm Morgan Stanley eliminated about 1,600 of its more than 81,000 employees on Tuesday, a roughly 2% reduction in its workforce. According to reports, the cuts were broad-based and impacted nearly every area of the company except for the...
U.S. Bank Review by Regulators Cites Citigroup Deficiencies in Data Management

U.S. Bank Review by Regulators Cites Citigroup Deficiencies in Data Management

by visbanking | Nov 28, 2022 | Banks, News

A recently completed banking review by the Federal Deposit Insurance Corporation and Federal Reserve warned Citigroup that the bank needs to improve its financial data management. The review’s authors warned the bank that the current deficiencies in those processes...
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