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Firm Wins Bonus Case

Bloomberg reports that Commerzbank can claim victory, after a German labour court rejected claims from 13 former Dresdner Kleinwort bankers that they were entitled to higher bonus payouts for their efforts in 2008.

Morgan Stanley 's Q3 Earnings

'NEW YORK, October 21, 2009 - Morgan Stanley (NYSE: MS) today reported income from continuing operations applicable to Morgan Stanley for the third quarter ended September 30, 2009 of $757 million, or $0.38 per diluted share, compared with a loss from continuing operations applicable to Morgan Stanley of $159 million, or $1.37 per diluted share for the second quarter.

Threat Grows That Large Banks Will Be Split Up

Bank of England Governor Mervyn King used a speech in Edinburgh Tuesday to suggest that it may be prudent to split up the activities of investment and commercial banks in order to prevent another financial crisis and the bailouts that followed.

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