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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.



The White Hart

The White Hart, Barnes

Rivers have been getting a bad press recently. The start of the year saw Britain virtually submerged by rain as flooding and power outages, and 'river plains' become 2014’s water cooler topic. (No weak pun intended.)