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Tops Firms Said To Be Considering More Big Layoffs

The Wall Street Journal reports that Morgan Stanley is said to be considering laying-off an additional 5% of its 47,000 employees. Any layoffs are likely to be announced in the next two weeks, and are thought likely to affect operations, IT and support staff.

Firm Boss Sees A Halt In Job Cuts

Yugo Ishida, the man who runs Nomura International, is said to have told Reuters at the World Economic Forum at Davos that he doesn't feel that his firm will be making any further jobs cuts in the foreseeable future. The firm has laid-off around 1,100 staff since September.

Can You Believe It ? You Could Not Make This Up!

Banco Santander seemed to be between a rock and a hard place, allegedly praising Bernie Madoff's investing prowess just a few weeks before he confessed to that $50bn ponzi scheme (the bank described Bernie's timing as 'impeccable'). It's no surprise, then, that the bank is now offering $1.8bn to private clients to cover their losses and put the matter to bed.