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Morgan Stanley Wealth Management revenue falls 4.3%

Against the backdrop of challenging market conditions and muted client activity, Morgan Stanley’s global wealth management unit registered a drop of 4.3% in revenues for the year ending 2015. The wealth management division of the American lender posted losses across the board. Its net revenues were down 2% in the first quarter of 2016 and 4% year-on-year to US$3.67 billion….

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