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Morgan Stanley Said to Boost Junior Banker Salaries 25%

Morgan Stanley is raising base salaries for junior bankers by about 25 percent as part of an effort to improve working conditions and retention, according to people briefed on the matter.

The firm is boosting salaries for associates and vice presidents worldwide in its investment-banking and capital-markets units, said the people, who asked not to be identified because the discussions weren’t public. Mark Lake, a spokesman for the New York-based bank, declined to comment.