Morgan Stanley making 'modest' job cuts across the globe, says CEO

Morgan Stanley making 'modest' job cuts across the globe, says CEO

A pedestrian is reflected in the exterior of Morgan Stanley headquarters in New York, U.S., on Thursday, July 12, 2018. Photographer: Bess Adler/Bloomberg

Morgan Stanley is making modest job cuts across the globe, Chief Executive Officer James Gorman said, as Wall Street comes under pressure with dealmaking slowing down.