Morgan Stanley Launches ‘Project Streamline’, Aimed at Shedding $1B

[kreslik.news]

The overhaul at Morgan Stanley has continued into the summer months, following the latest round of job cuts in a bid to help stem costs for the lender. After seeing its Fixed income and currency trading desks shrink in New York late last year, the group has now targeted up to $1.0 billion in cuts through a multi-tiered approach.

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More specifically, Morgan Stanley is aiming to save $1.0 billion via strategic cuts in outsourcing, technology streamlining, as well ... (read more)