As the bank announced another 1000 job cuts in its mortgage business, bringing the total to 2900 jobs lost at the bank since October, oil trade sources said that among those to leave the bank's oil desk were four traders of crude, distillate fuels and gasoline as well as marketing personnel.
"The firm is engaged in an ongoing process of assessing its personnel needs in light of overall market conditions, business priorities and individual performance," a Morgan Stanley spokesman told Reuters in a written statement.
"As
