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Banks Set for Biggest Job Cull Since 2015 as Morgan Stanley Cuts

Dec.27 -- Banks around the world are unveiling the biggest round of job cuts in four years as they slash costs to weather a slowing economy and adapt to digital technology. Morgan Stanley is the latest firm to make a year-end efficiency push, cutting about 1,500 jobs, according to people familiar with the matter. Nicholas Comfort reports from Frankfurt on "Bloomberg Surveillance."