MORGAN Stanley, the sixth-largest US bank by assets, set aside US$5.74 billion in salaries and compensation at its investment banking unit for the first nine months of the year, an 8 percent increase from a year earlier.

Pay at the institutional securities unit, which includes salaries, bonuses and benefits for traders and bankers, was 38 percent of revenue, down from 42 percent in the first nine months of last year, according to figures posted on the firm's website.

Source:shanghaidaily