Morgan Stanley, owner of the world’s largest brokerage, posted trading losses on 31 days in the third quarter, the most since 2008 as markets fell amid concern that Europe’s debt crisis may spread, BusinessWeek reports.
The firm’s traders made more than $100 million on two days, the fewest in a year, the New York-based company said today in a regulatory filing. Three of the daily losses exceeded the firm’s value-at-risk, or VaR, the maximum amount the company estimates it could lose from trading on 95 percent of days….
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