After years of ratcheting back trading operations in favor of more stable businesses, Morgan Stanley is quietly plotting a comeback. The Wall Street firm is pushing for more fixed-income trading business, where it lost billions of dollars during the crisis and historically suffered from bad timing. Now, the firm hopes adding market share in the division, which trades bonds, swaps, currencies and other debt securities, could help Chairman and Chief Executive James Gorman hit long-held profitability targets. But the effort could...
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.