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.



Last year, the bank set aside a total of $761 million in credit loss reserves. The bank added $407 million in Q1 2020 alone, and since then it has been

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