Wall Street Dusts Off 'Help Wanted' Sign

money.cnn.com — After shedding more than 30,000 workers over the past two-and-a-half years, is the job market on Wall Street finally turning a corner? It might be the case. Earlier this month, speculation surfaced that Bank of America was looking to boost its network of retail brokers that once made up Merrill Lynch's "thundering herd" following a number of employee defections to rivals. And Morgan Stanley, which has been bulking up its securities business in recent months, is expected to add several hundred more traders to the division over the next few years. Spokespeople for both companies would not confirm the reports, but experts who track employment trends on Wall Street suggest that banks and securities firms are indeed feeling comfortable enough these days to at least start contemplating the idea of adding workers.

Read Full Article »