In the midst of a difficult earnings and regulatory environment, Morgan Stanley (MS) is sharply...

|About: Morgan Stanley (MS)|By:, SA News Editor

In the midst of a difficult earnings and regulatory environment, Morgan Stanley (MS) is sharply cutting bonuses, capping cash payouts at $125K, according to sources. Any bonus beyond this amount will be deferred for at least a year. Traders and investment bankers - especially those in the fixed income area - appear to face the biggest compensation cuts, likely in the 30-40% area.