Morgan Stanley has announced that it is pushing for more fixed-income trading business in the hope of hitting long-held profitability targets. The bank said on Tuesday that its fixed income, currency and commodities businesses would be spun off from its investment banking arm to create a separate company called Bank of America Merrill Lynch Global Markets (BAMGL@@
Morgan Stanley has announced that it is pushing for more fixed-income trading business in the hope of hitting long-held profitability targets. However, this move is concerning some analysts, regulators and investors who have lauded the bank's recent embrace of less-risky activities.