Morgan Stanley CEO vows no layoffs in 2020
The bank's shares are off 30% so far this year amid concerns about loan losses and the impact of low rates on margins
Morgan Stanley won’t cut its workforce this year even as the coronavirus pandemic sends markets into turmoil.
Chief Executive James Gorman told employees in a memo Thursday that the bank will take stock at the end of the year after central banks and governments have time to try to stabilize the
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