Investment Banking

Morgan Stanley ups bonuses despite 31% fall in deal fees

Morgan Stanley's fall in dealmaking fees during the third quarter far exceeds its Wall Street rivals

CEO James Gorman is trying to navigate a 'mixed' market environment
CEO James Gorman is trying to navigate a 'mixed' market environment Photo: Bess Adler/Getty Images

Sign up to FN's weekly investment banking newsletter 

Morgan Stanley has kept pay in its investment bank steady and increased the amount it puts aside for bonuses despite a 31% slump in dealmaking fees so far in 2023.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump