#Morgan Stanley reveals nearly $1B loss from Archegos implosion
“#Morgan Stanley reveals nearly $1B loss from Archegos implosion” Morgan Stanley lost nearly $1 billion from the collapse of family office Archegos Capital Management, the bank said Friday, muddying its 150 percent jump in first-quarter profit that was powered by a boom in trading and deal-making. Morgan Stanley was one of several banks that had exposure to Archegos, which…