Deutsche Bank will lift the cap on banker bonuses in the City of London

Jin Shi Data July 1st News, Morgan Stanley (MS.N) will lift the bank bonus cap in the City of London, highlighting that American and British banks operating locally are following New York’s lead and including a large amount of bonuses in bankers’ compensation. The Wall Street bank stated in its regulatory filing that it will replace the current rule that specific employees’ bonuses cannot exceed twice their fixed salary with an ‘appropriate internal bonus cap’. Morgan Stanley did not provide detailed information on how it will adjust the compensation structure for significant risk-takers, but only mentioned the need for ‘appropriate balance between fixed and variable compensation’.