Japanese financial services firm
Orix Corp will buy Dutch asset manager Robeco from its
owner Rabobank for about 240 billion yen ($2.6
billion) in a cash and stock deal, sources familiar with the
matter said on Friday.
By Lauren Tara LaCapra, Reuters | January 09, 2013
Morgan Stanley plans to slash 1,600
jobs in what may be just the beginning of a new round of layoffs
at large investment banks, this time driven by a deeper
reassessment of Wall Street businesses in the face of new
regulations and capital standards.
Morgan Stanley plans to cut 1,600
jobs in its investment banking unit, roughly 6 percent of staff
in that unit, with employees being informed about job losses
beginning this week, a person familiar with the matter said on