CEO James P. Gorman has announced that Morgan Stanley employees have no need to fear for their jobs.
The world's largest asset manager will freeze global hiring for "a few weeks."
Peg Broadbent's death marks one of the first deaths among senior Wall Street executives from the pandemic. He was 56.
UBS strategists said “selling fatigue” may have kicked in as investors were no longer reacting as wildly to incremental bad news as they have been.