Morgan Stanley Sees Limited Prospects for Bond Trading

  • Job cuts are `effectively done,' CFO Jonathan Pruzan says
  • RWAs for fixed-income business will drop below $110 billion

Morgan Stanley's Profit and Revenue Rise, Expenses Fall

Morgan Stanley pared its fixed-income trading operation last quarter after concluding the outlook for the business is poor, though job cuts are “effectively done,” Chief Financial Officer Jonathan Pruzan said.

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