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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JPMorgan Trading Floors - Blot On The Landscape ?

Bloomberg reports that the design of the new JPMorgan building close to Ground Zero has been unveiled. And the six 60,000 square foot trading floors that will be part of the new structure will jut out 127 feet above the building's facade, hovering above a church and park.

London's Biggest Trading Floors

Hot on the heels of the announcement that JPMorgan has spurned Canary Wharf and has chosen the 'Square Mile' for its new European HQ (St Alphage House in London Wall), most of the interest centres around the fact that, of the 1 million square feet that makes up the new building, there will be four giant trading floors of some 72,000 square feet each.

Top Firm Has More Trader Trouble

Another London-based Morgan Stanley 'rogue' trader is in the news this week (the third in the last two weeks), after being banned by UK market regulator The Financial Services Authority (FSA) for front-running (trading ahead of) client orders. The trader, Nilesh Shroff, was also fined $224,000.

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