Morgan Stanley, Asset Manager Shares Fall After Redemption Caps

Shares of Morgan Stanley led losses among major US banks on Thursday, falling in tandem with stocks of top asset managers, after the lender limited withdrawals from one of its...

By Georgie McKay · Bloomberg Markets

Shares of Morgan Stanley led losses among major US banks on Thursday, falling in tandem with stocks of top asset managers, after the lender limited withdrawals from one of its private credit funds.