Morgan Stanley Trading Units Had Losses on 64 Days in ’11
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Morgan Stanley, owner of the world’s biggest brokerage, lost money in its trading businesses on 64 days last year, up from 38 days in 2010 and the most since 2008.
The firm’s traders lost money on 22 days in the fourth quarter, down from 31 in the third quarter, the New York-based company said yesterday in a filing with the U.S. Securities and Exchange Commission. The bank made more than $100 million on 26 days in 2011.