Morgan Stanley Said to Cut Bonuses for Equities Traders

The video discusses the decline in revenue and its impact on bonus pools, highlighting the shift in performance between equities and bonds. It analyzes the revenue performance of major banks like Citigroup, Goldman Sachs, and JP Morgan, noting how some banks are maintaining their franchise better than others. The discussion also touches on the changing dynamics of leverage and pay on Wall Street, emphasizing the reduced leverage of top performers and the limited alternatives outside traditional banking.

What was the percentage decline in revenue for the division mentioned in the video?

• 5%

• 3.5%

• 7%

• 2%

Which banks were noted for having worse revenue performance compared to Morgan Stanley?

• JP Morgan and Citigroup

• Morgan Stanley and Winstanley

• JP Morgan and Bank of America

• Goldman Sachs and Bank of America

Which two banks were identified as outliers in maintaining a larger share of the bonus pool?

• Goldman Sachs and JP Morgan

• Citigroup and Goldman Sachs

• Morgan Stanley and JP Morgan

• Bank of America and Winstanley

What was a significant change in leverage for Wall Street professionals?

• Higher bonuses than bond colleagues

• Decreased leverage compared to the past

• Increased options to move to hedge funds

• More job opportunities in banks

What was the traditional option for top performers on Wall Street?

• Move to other banks

• Invest in real estate

• Join hedge funds

• Start their own business