Morgan Stanley profit plunges 70%

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Morgan Stanley profit plunges 70%

by Reuters Videos 1:08 mins

Morgan Stanley profit plunges 70%

by Reuters Videos 1:08 mins

Morgan Stanley managed to sharply grow its wealth management income as it tries to transform itself into a less risky bank but profits were slammed by a large legal bill and weak fixed income trading. Fred Katayama reports.

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