Morgan Stanley sets aside $73m for credit losses
Bank returns to stash reserves triggered by one facility in Q2
Morgan Stanley returned to set aside provisions for credit losses (PCLs) in the second quarter of the year to the tune of $73 million – following a release of $98 million in Q1.
The largest chunk of PCLs – $70 million – came from the bank’s institutional securities division, while its wealth management unit accounted for the remainder.
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