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…