Morgan Stanley plans to slash hundreds of jobs from its debt and currencies division, people familiar with the matter said, revealing that the Wall Street firm believes that a monthslong slump in trading revenue may persist. Morgan Stanley is planning to cut up to 25 % of its fixed - income jobs , with the reduction expected to take place in the next two years . This follows the bank 's reported results , which indicate a 42 % slide in bond prices in 3Q 2015 , one of the worst performances since the financial crisis . All of the banks , from Deutsche Bank to Goldman Sachs , have shrunk their fixed - income business since the financial crisis ; however , the market continues to contract , leaving those firms and investors with the tricky decision to cut further or try to ride out what could be a temporary slowdown ; trimming costs , either from smaller bonuses or fewer employees , may help boost returns .
Morgan Stanley is planning to cut up to 25 % of its fixed - income jobs , with the reduction expected to take place in the next two years . This follows the bank 's reported results , which indicate a 42 % slide in bond prices in 3Q 2015 , one of the worst performances since the financial crisis . All of the banks , from Deutsche Bank to Goldman Sachs , have shrunk their fixed - income business since the financial crisis ; however , the market continues to contract , leaving those firms and investors with the tricky decision to cut further or try to ride out what could be a temporary slowdown ; trimming costs , either from smaller bonuses or fewer employees , may help boost returns .