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People News: Barclays, Morgan Stanley

Morgan Stanley building

Barclays shed three senior members of its distressed-debt business in London as part of global job cuts unleashed by Chief Executive Officer Jes Staley, according to four people familiar with the matter.



Eggs with faces

Goldman Sachs under fire for role in collapsed UK deal

Goldman Sachs , one of the world's biggest investment banks, gave credibility to a deal dubbed the "unacceptable face of capitalism" by U.K. lawmakers and "underplayed" their role in negotiations, according to a critical report by MPs.