Morgan Stanley to slash 2022 banker bonuses in Asia by up to half

Morgan Stanley to slash 2022 banker bonuses in Asia by up to half

FILE PHOTO: A file photo showing the logo of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton

Morgan Stanley plans to slash investment bankers’ annual bonuses by as much as 50% in Asia, said two people with direct knowledge of the matter, as the Wall Street firm reins in costs to tackle tough market conditions that have hit its revenue.

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