Morgan Stanley is planning to lay off around 3,000 employees from the global workforce amid recession fears. The fresh round of job cuts is likely to happen by the end of this quarter. This would amount to roughly 5% of staff excluding financial advisers and personnel supporting them within the weal...

Major central banks have hiked rates despite volatility in markets. They collectively said that inflation clearly means it is too soon to conclude that the hiking cycle is over. The banking sector developments haven't stopped the hiking, and indeed, I have noted that the idea of focusing on financia...