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06.02 - 14:55
Morgan Stanley cuts investment bank pay by 10% as traders offset dealmaking slump
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Morgan Stanley cut pay within its investment bank by just 10% last year despite a 49% decline in dealmaking fees.
The Wall Street bank paid out $8.2bn within its institutional securities unit last year, a decline of 10% compared to 2021 when compensation swelled to a 14-year high.
Like its Wall Street rivals, Morgan Stanley posted a sharp...
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