Morgan Stanley Has Fewer Bad Trading Days, Senior Banker Returns

Morgan Stanley HQ

Morgan Stanley lost money in its trading businesses on 37 days last year, down from 64 days in 2011 and the fewest since 2007.

Bloomberg reports that the firm’s traders lost money on 10 days in the fourth quarter, up from eight in the third quarter, the New York-based company said in a regulatory filing.

Morgan Stanley made more than $100m on 23 days in 2012.

In the meantime, Reuters reports that Morgan Stanley has rehired Tom Nides to a senior position after he served as a deputy to U.S. Secretary of State Hillary Clinton for two years.

Nides, who previously worked for Morgan Stanley from 2005 to 2010, will work with clients and management and report directly to Chief Executive Officer James Gorman, the bank said in a press release.

Morgan Stanley Posted Trading Losses on 37 Days During 2012

Nides returns to Morgan Stanley after State Dept. stint

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