Tuesday's Headlines: Morgan Stanley to Cease Hiring in Investment Banking

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Morgan Stanley is freezing hiring in investment banking for the rest of the year.


Boutique bank Moelis & Co is expanding in asset management after acquiring Gracie Credit. [WSJ]

Credit Suisse is launching a new loan product in India as it grows its wealth management business there. [The Financial]

Ernst & Young is using social media to attract new people and plans to fill 6,000 intern and entry-level positions this year. [Big4]

The largest U.S brokerages will lose market share to independent registered investment advisers and boutiques according to a new report.[Reuters]