Morgan Stanley CEO says bitcoin isn't a large part of the bank's business, but admits crypto is more than just a 'fad'

Morgan Stanley CEO says bitcoin isn't a large part of the bank's business, but admits crypto is more than just a 'fad'

Morgan Stanley CEO says bitcoin isn't a large part of the bank's business, but admits crypto is more than just a 'fad' - Morgan Stanley CEO James Gorman said crypto isn't in demand for the bank's clients. - Even so, he admitted on the bank's earnings call that cryptocurrencies aren't just a fad. - He said he's watching how regulators plan to handle the space. Morgan Stanley CEO James Gorman says crypto isn't a big part of the bank's business but, he admits, it's more than just a passing trend. Gorman made the comments on the company's third-quarter earnings call after an equity analyst asked how the bank planned to engage with clients regarding digital assets. In response, the CEO said Morgan Stanley isn't directly trading cryptocurrencies for retail clients …
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