Morgan Stanley sets aside $73m for credit losses

- By Joasia E. Popowicz
- @joasiaepopowicz
- 19 Jul 2021

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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