Bank of America has delivered one of its most notable trading performances in recent memory, driven by a surge in market activity that helped push its equity desk to record-breaking levels. The bank’s latest quarterly results reflect how volatility across global markets can translate into major gains for financial institutions with strong trading operations. In…
banking industry
Morgan Stanley Announces 2,500 layoffs after record year
Morgan Stanley is reducing its global workforce by about 3%, a move that will affect roughly 2,500 employees across multiple divisions. The decision arrives despite the investment banking giant reporting a record year financially, highlighting a complex moment for the firm as it adjusts to changing business priorities. The cuts span several areas of the…