In the Margins
Morgan Stanley reported $908 million in fourth-quarter profit and a revenue gain that exceeded analysts’ estimates. The firm said equity trading rose and expenses fell; it also said it failed to meet its goals for revamping the fixed-income business. Read the original story from Bloomberg.
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Fund industry litigators and others are watching an expansive class-action lawsuit filed recently against an interval fund that has been scheduled for liquidation since mid-2023, certain ...
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