Thursday's Headlines: Traders Still Make More than Surgeons

Wall Street traders are earning smaller bonuses, but they still rake in more than brain surgeons. [Bloomberg]

Moelis & Co. hired Guillermo Garcia in its financial institutions group, and is set to hire more bankers globally. [Bloomberg]

Barclays Capital cut 200 jobs following an internal review. [Bloomberg]

Morgan Stanley will spin off its prop trading unit in 2012, in large part to comply with new rules. [CNBC]

U.S. Trust, Bank of America's wealth unit , continued its hiring spree, adding five new advisors. [On Wall Street]