JPMorgan Leads Job Cuts as Banks Seek to Bolster Profit

... of having to catch up," she said. Morgan Stanley (MS) said in January that the firm would eliminate 1,700 investment-banking positions from its staff of 57,000 and defer all bonuses for top earners. CEO James Gorman , 54, who has said his industry ...

http://www.bloomberg.com/news/2013-04-09/jpmorgan-leads-job-cuts-as-banks-seek-to-bolster-profit.html