Morgan Stanley Posted Trading Losses on 37 Days During 2012
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Morgan Stanley, owner of the world’s biggest brokerage, lost money in its trading businesses on 37 days last year, down from 64 days in 2011 and the fewest since 2007.
The bank’s traders lost money on 10 days in the fourth quarter, up from eight in the third quarter, the New York-based company said today in a regulatory filing. Morgan Stanley made more than $100 million on 23 days in 2012.