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Morgan Stanley cuts bankers, bonuses as deals, IPOs stall – CNBC – Huge Deals Daily

Morgan Stanley cuts bankers, bonuses as deals, IPOs stall – CNBC


CNBC

Morgan Stanley cuts bankers, bonuses as deals, IPOs stall
CNBC
Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15 percent because of a decline in revenue from dealmaking and capital raising across Wall Street, people with knowledge of the matter told Reuters.

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