Goldman Sachs and Morgan Stanley may have less flexibility on compensation costs in the fourth quarter than in previous years, according to one analyst. Last year, both cut fourth-quarter compensation expenses by 40 percent or more. [Businessweek]
Private equity and venture capital professionals can expect to see continued increases in compensation, according to an industry report. [PRWeb]
Jefferies has hired a team of former Barclays bankers to meet growing pressures on advisors in the wake of new regulatory and capital requirements. [Financial News]
UBS is sending a 43-page guide to employees advising them on how to dress. The move is aimed at restoring confidence in the bank's brand and fixing relations with clients. [WSJ]
A former top trader at Goldman Sachs is launching a $1 billion-plus hedge fund, to be based in Hong Kong. [Wealth Briefing]
Independent firm Moelis is becoming a leader in global restructuring, after making significant investments in the business. [Financial News]
