Morgan Stanley is cutting 400 jobs as it attempts to streamline its securities - trading business amid a global downturn in fee structure , with about one job expected to be cut in London . There is now a growing list of staff affected by the investment bank's restructuring, with emerging markets one of the areas hardest hit by the cuts. The bank is cutting low - income staff , some of whom were only hired recently , following years of declining profits and insufficient returns . Morgan Stanley reported a 42 % drop in profits in 2013 which led to increased pressure from investors to cut costs .
Morgan Stanley is cutting 400 jobs as it attempts to streamline its securities - trading business amid a global downturn in fee structure , with about one job expected to be cut in London . The bank is cutting low - income staff , some of whom were only hired recently , following years of declining profits and insufficient returns . Morgan Stanley reported a 42 % drop in profits in 2013 which led to increased pressure from investors to cut costs .