Morgan Stanley will take a $150 million severance charge in the fourth quarter as the company pares back its fixed-income trading business to improve profitability, a company spokesman said.
Pimco is seeking to reassure clients and fortify its ranks after the departures of chief investment officers Bill Gross and Mohamed El-Erian last year.
The most recent Nobel economics prize winner says Trump is unlikely to be a good president and argues that Trump’s popularity is one manifestation of how growing income inequality can warp the...
