Morgan Stanley will raise its annual bonus for top-performing staff on Thursday by more than 20%, people with direct knowledge of the matter said, with a dealmaking boom set to usher in bumper payouts by banks this year.
The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapletonwill raise its annual bonus for top-performing staff on Thursday by more than 20%, people with direct knowledge of the matter said, with a dealmaking boom set to usher in bumper payouts by banks this year.
Staff within M&A and equity capital market divisions are anticipating bonuses up at least 15% on the previous year and, in some cases, up 20% or more, two separate sources within those businesses said. The bonus payouts at Morgan Stanley are, however, likely to be lower than those at Bank of America Corp
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