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Morgan Stanley (NASDAQ:MS), the sixth-largest U.S. bank by assets, has plans to eliminate 1,600 jobs from its institutional securities group and support staff starting this week. These cuts will focus primarily on the more highly paid senior staff in the institutional securities unit, which includes investment banking and trading operations. Approximately half of these...

Massachusetts regulators have fined Morgan Stanley & Co. LLC, a wholly-owned subsidiary of Morgan Stanley (NYSE:MS), $5 million in connection with charges over the Facebook, Inc. (NASDAQ:FB) IPO last summer. The consent order, filed by the Securities Division of the Office of the Secretary of the Commonwealth of Massachusetts, can be found here. It follows an Offer...

Morgan Stanley (NYSE:MS) has announced a shakeup in its top management ranks as one of its Co-Presidents of investment banking, capital markets and trading operations was given sole responsibility for these areas effective January 2013. The other Co-President has announced that he will retire at the end of the year. Colm Kelleher, the soon-to-be sole President –...