Morgan Stanley (MS) Considers Selling Commodity Trading Unit as Dodd-Frank Looms
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New regulation under the Dodd-Frank Act is prompting Morgan Stanley (NYSE: MS) executives to weigh possibilities regarding a partial sale of its commodity trading unit, CNBC is reporting The firm has been discussing a possible sale since last year, but so far no decision has been made.
The firm is somewhat reluctant to sell the business and see it as a valuable asset that generates an estimated $2 to $3 billion of revenue. They also believe that, in general, the trading unit helps them service clients.
The firm is somewhat reluctant to sell the business and see it as a valuable asset that generates an estimated $2 to $3 billion of revenue. They also believe that, in general, the trading unit helps them service clients.
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