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fromwww.housingwire.com
2 weeks ago

Morgan Stanley cuts 2,500 jobs across divisions

Morgan Stanley is conducting layoffs across multiple divisions despite reporting record financial performance with $70.6 billion in full-year net revenue and $16.9 billion in net income for 2025.
fromwww.independent.co.uk
3 weeks ago

HSBC slashes senior roles to meet 1.1bn cost savings target early

Under chief executive Georges Elhedery, who took the helm in 2024, the bank targeted $1.5 billion (1.1 billion) in annual cost reductions by 2026. However, HSBC revealed on Wednesday it now expects to achieve this by the end of June – six months ahead of schedule.
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