Morgan Stanley restarts its base metals business - sources
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LONDON (Reuters) - U.S. investment bank Morgan Stanley is building up its base metals trading business after abandoning it four years ago, sources familiar with the matter told Reuters.The move comes as rising volumes and volatility in industrial metals have boosted revenues for investment banks after years of lacklustre market conditions. Morgan Stanley, one of the world's largest investment banks, has hired around four people in London including Daniel Levene from rival JPMorgan and Ryan..