Morgan Stanley fired a bunch of bond traders last year — now the business is taking off
Wednesday, 19 October 2016 () Morgan Stanley may finally be seeing a turnaround in a hugely significant, but recently disastrous, business.
The firm just had its strongest quarter in fixed income sales and trading since the beginning of 2015, reporting revenues of $1.48 billion in the third-quarter, up from $583 million in the year-ago quarter.
The logo of Morgan Stanley is seen at an office building in Zurich, Switzerland September 22, 2016. Morgan Stanley (MS.N) reported a better-than-expected quarterly profit on Wednesday, boosted by a surge in bond trading that followed Britain's surprise vote to leave the European Union and bouts of...