Morgan Stanley said Thursday that its corporate clients are ready to do business — but they’re a little unnerved by the impending fiscal crisis. The bank reported higher revenue and net income for the third quarter after stripping out an accounting charge, helped by a jump in underwriting and trading bonds. Executives described the markets as calm, especially compared to the chaos of a year ago, when the third quarter was rocked by a downgrade of the US government’s debt, a budget standoff in Congress and the European debt crisis.
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