(), the third-largest U.S. bank, cut bonuses in its investment-banking division by about 10% to 20% globally after a revenue slump, according to people with knowledge of the matter.

Bonuses in the Asian and European divisions were down about 20 percent on average and the U.S., its largest market, saw cuts of about 10 percent, one person said, declining to be named as the details aren’t public. Staff were informed of their bonus numbers yesterday, two people said.