Morgan Stanley is one of the world's largest diversified financial services companies, with a reputation for excellence in advice and execution on a global scale.

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Morgan Stanley eyes pay cut

Morgan Stanley building

Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to reduce staff costs across the bank.

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Top Firm Said Luring Bankers With $10m Bonus Guarantees

There have been a few more departures at Morgan Stanley. The media are making a lot of it, but, in truth, it's just that time of year. Bonuses are in the bank, and staff have had a few months to work out how CEO John Mack's brave new world is likely to pan out. Some have simply picked up their dosh and have voted with their feet. That's how investment banking works.

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