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Thursday's Headlines: Analyst Sees Goldman, Morgan Stanley Tightening Compensation

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]

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AUTHORScott Krady Insider Comment

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