This may be the longest expansion and bull market in US history; it's also the only expansion that has seen thousands of bankers fired every single month as the stock market hit new all time highs every month.
Putting its pre-Christmas bonus pink slips where its mouth is, Morgan Stanley which in recent years has emerged the most bearish US-based bank, is firing 2% of its workforce, or roughly 1,500 bankers, "due to an uncertain global economic outlook" CNBC reported citing people with knowledge of the situation. Morgan Stanley had 60,532 employees as of September 30.
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