DM is reporting the below. This isn’t news to anyone on this site but when MSM starts having these stories, I believe it scares people on Main Street and then they get tighter purse strings, etc. Self-fulfilling prophecy and all that.
Morgan Stanley cut about 2% of its global workforce Tuesday, sources said
It follows similar limited layoffs at Goldman Sachs and Citigroup
Banks are returning to pre-pandemic tradition of annual culls before bonus time. they are also bracing for slower growth and a potential recession
JPMorgan CEO Jaime Dimon warned inflation might 'derail the economy’