#Morgan Stanley CEO James Gorman making ‘modest’ job cuts

#Morgan Stanley CEO James Gorman making ‘modest’ job cuts

“Morgan Stanley CEO James Gorman making ‘modest’ job cuts” Morgan Stanley is making modest job cuts across the globe, Chief Executive James Gorman said, as Wall Street comes under pressure with dealmaking slowing down. “Some people are going to be let go,” Gorman said at the Reuters NEXT conference, without specifying numbers. “We’re making some modest cuts all over…

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#Archegos founder Bill Hwang arrested, charged with fraud

#Archegos founder Bill Hwang arrested, charged with fraud

“Archegos founder Bill Hwang arrested, charged with fraud” Archegos Capital Management founder Bill Hwang and the fund’s chief financial officer Patrick Halligan were arrested Wednesday by federal agents on criminal charges including securities fraud, wire fraud and racketeering. In a lawsuit filed in the Southern District of New York, US prosecutors allege Hwang — whose…

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