A breakdown of M&A announcements in the financial services industry for the week ended November 28.

Morgan Stanley is planning a reduction of as much as a quarter of its fixed-income staff after years of revenue declines and insufficient returns, according to people with knowledge of the plans.

Financial Institutions in Warsaw, N.Y., has agreed to buy Courier Capital, an investment advisory firm in Buffalo, N.Y.

JPMorgan Chase is leaving its bonus pool roughly unchanged from 2014, adding to pressure on weakened rivals, according to people with knowledge of the plan.

Citywide Banks of Colorado in Denver has raised $7 million from private-equity investors.

Auto-loan, commercial-mortgage-backed and other securitizations use what is known as the swaps curve to price floating-rate deals. But pricing volatility is causing some to ask whether the market should go back to Treasuries after a 15-year hiatus.

No two mortgage servicing rights portfolios look the same, and buyers have strong opinions about the kinds of deals they want to do. Here are some factors that can swing MSR transaction values, according to Matt Maurer, managing director at MountainView Capital Holdings.

Mark Simmons, a seasoned commercial lender, is planning to open a bank in California’s Orange County that is dedicated to making loans to businesses. Core Commercial Bank, expected to be the state’s first de novo since 2008, would jump into a market where commercial lenders are plentiful — and aggressive.

A breakdown of M&A announcements in the financial services industry for the week ended November 21.

Hanmi wants to make sure that, when the dust settles, it is part of the nation's biggest Korean-American bank. The move also shows how difficult it will be for ethnic banks to gain meaningful scale while sticking to their niche groups.

Huron Valley State Bank in Milford, Mich., plans to raise as much as $5 million to grow its two-branch business.

BNH Financial in Laconia, N.H., has agreed to buy Community Guaranty in Plymouth, N.H.

Blue Ridge Bankshares in Luray, Va., has issued $10 million in subordinated debt and plans to exit the Small Business Lending Fund.

Bank of the James Financial Group in Lynchburg, Va., is planning to raise about $11.5 million through a private placement.

MainSource Financial Group in Greensburg, Ind., has agreed to buy Cheviot Financial in Cincinnati.

Entegra Financial in Franklin, N.C., has agreed to buy Oldtown Bank in Waynesville, N.C.

First Farmers and Merchants in Columbia, Tenn., plans to buy out some of its shareholders and deregister as a publicly traded company.

The $5.4 billion-asset WSFS said in a press release Monday that it will pay $101 million, or $21.75 a share, in cash and stock for the $651 million-asset parent of Penn Liberty Bank.

Hanmi Financial has gone public with efforts to merge with BBCN Bancorp in a move the Los Angeles company hopes will scuttle another rumored pairing.

American Chartered was also the top M&A priority for MB Financial, which was willing to pay a healthy premium to get a deal done. MB Financial, which prefers big acquisitions, will be challenged to find other opportunities in the Windy City.