Morgan Stanley to Trim 2010 Bonus Pool by 10% to 25%

by | Dec 9, 2010 | Towing

Morgan Stanley is reportedly planning to pay out 10% to 25% less in bonuses this year to its employees, an effort to cut costs as it deals with volatile market conditions. The cuts are slated to affect traders, back-office staf…

Morgan Stanley to Sell Its Invesco Stake

by | Nov 10, 2010 | Towing

Morgan Stanley said it is divesting its 6.7% stake in investment manager Invesco. The investment bank will sell the 30.9 million shares it received as part of the sale of its Van Kampen mutual fund portfolio to Invesco, a stake…