Morgan Stanley’s Profit Slides on Investment Bank Slowdown

(Bloomberg) — Morgan Stanley shares plunged the most since June 2020 after the firm’s dealmakers posted the biggest drop in fees on Wall Street and its wealth management unit had the lowest inflows in more than three years.  Investment banking revenue slid 27% and the fixed-income trading business slumped, leading to a drop in profit. […]

Morgan Stanley’s Profit Slides on Investment Bank Slowdown Read More »

Banking