Morgan Stanley Boosts Bonuses in Asia, London After Bumper Year

Morgan Stanley increased bonuses for its bankers in Asia and Europe after the Wall Street giant wrapped up a bumper year driven by trading and dealmaking.

Payouts in Asia went up by about 20% after the firm closed in on a record $10 billion in revenue from the region last year, according to people familiar with the matter. Revenue jumped on outsized gains in equity trading, prime brokerage and wealth management, they added.

The investment banking and capital markets divisions in Asia also regained momentum, with fees from stock sales and mergers approaching $1 billion, the most in years, they ...