Morgan Stanley is set to scrap the UK bonus cap, following Wall Street rivals Goldman Sachs and JPMorgan

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Morgan Stanley to follow Wall Street rivals by scrapping UK bonus cap

Investment Banking Editor

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Morgan Stanley is set to scrap its limits on variable compensation for key UK staff, joining its major Wall Street rivals in doing away with the EU bonus cap. 

The Wall Street bank said that it would replace its existing limits on UK bonuses with “an appropriate internal bonus cap”, according to a regulatory filing. 

Morgan Stanley to follow Wall Street rivals in scrapping UK bonus cap

JPMorgan and Goldman Sachs have already done away with EU-imposed limits on bonuses

Paul Clarke

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