JPMorgan and Morgan Stanley said giving staff good comp news

Pot Of Gold

Happy holidays for some.

JPMorgan plans to boost bonuses for investment bankers while Morgan Stanley increases the cash portion of year-end payouts, the Wall Street Journal has reported, citing unidentified people familiar with the plans.

Bloomberg reports that some JPMorgan bankers will get an average increase of about 6% to 10%, compared with a year earlier, the newspaper said.

Bond, currency and commodities traders will probably have their payouts cut about 5%, it said.

Morgan Stanley will distribute a larger share of bonuses in cash instead of deferred payments, the Journal said. The firm deferred bonuses last year for people getting both total pay of more than $350,000 and at least $50,000 of incentive compensation.

Wall Street firms are under pressure to increase rewards for equity traders and dealmakers whose divisions fueled revenue this year amid a slump in fixed-income business. Total pay for employees in fixed-income units may be down 10%, recruitment firm Options Group wrote in a November report.

To access the complete Bloomberg article hit the link below:

JPMorgan Boosts Banker Pay as Morgan Stanley Adds Cash, WSJ Says 

JPMorgan Boosts Debit-Card Limits After Target Breach

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