Scroll to Top

USA Stock Report

Real Time Stocks News

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...

UBS AG (VTX:UBSN, NYSE:UBS) announced this morning that its Board of Directors had authorized settlements of $1.2 billion with the U.S. Department of Justice (DoJ) and Commodity Futures Trading Commission (CFTC) in connection with LIBOR rate-rigging charges. Combined with settlements in the U.K. and Switzerland, UBS has agreed to pay $1.5 billion in fines and disgorgement....