Friday's Headlines: Fears of Job Losses as Earnings Forecasts Darken
Poor third quarter forecasts at the largest U.S. banks have renewed fears that job losses are looming. [FT]
Dexia plans to eliminate nearly 700 jobs as part of a cost cutting move. [WSJ]
Broker Securities America Financial Corp. will take on 45 reps managing $500 million in assets from defunct broker-dealer Equitas Financial Advisors Inc. [Investment News]
Lawyers for Morgan Stanley say that the bank should not be liable for damages as a result of $45 billion in compensation doled out to senior execs such as current and former chief executive officers John Mack and James Gorman.
[Reuters]
Deutsche Bank named 13 members to its executive committee, which oversees the bank's the corporate finance business. [BusinessWeek]
