Morgan Stanley has announced that it is pushing for more fixed-income trading business in the hope of hitting long-held profitability targets. But the effort could... 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. 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@@