FX & Money Markets

Macroeconomics, monetary policy, FX and money markets
Morgan Stanley wealth unit suffers outflows

Morgan Stanley wealth unit suffers outflows

Reuters July 21 interview with Morgan Stanley’s CFO discussed the wealth management business on the sidelines of the firm’s quarterly earnings and client outflows in the second quarter, in part related to the “flash crash.” Morgan Stanley said on Wednesday its wealth management clients withdrew assets during the second quarter, dealing a setback to the firm’s plans to revive and expand the brokerage giant.

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