The Traderszone Network

Published in TZ Latest News 17 October, 2017 by The TZ Newswire Staff

Morgan Stanley is cashing in on risky, stock-backed loans October 17, 2017 | 10:50am

Morgan Stanley revealed Tuesday that it’s making a bundle selling risky loans that allow its clients to use stocks and bonds as collateral.

The Wall Street goliath saw its best ever quarter for so-called securities-based loans, which have raised concerns because they can slam investors if there’s a sharp market downturn.

The financial powerhouse headed by James Gorman said Tuesday its overall profits rose 12 percent during the third quarter to $1.78 billion, boosted by its business in…

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