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In other Thursday trading, interest rates rose.
The decline in revenue from trading interest rates came despite a decision to take more risk over the last year.
Ruth Porat, the bank's chief financial officer, told analysts that the firm reduced the risk it was taking trading interest rate products.
Burke truly said, in a debate in 1770, "There is no such thing as the landed interest separate from the trading interest".
For all of 2003, public firms' profits --from trading, interest, commission and banking income -- more than doubled to $10.9 billion from $4.5 billion in 2002.
Trading interest rates, which fall under the bond department, however, is less capital intensive, so in recent years, Morgan Stanley has made a big push into this corner of Wall Street.
Similar(46)
Rather, China recognised that its trading interests were best served by progress.
The Japanese were becoming aware of competition between the Jesuits and the Franciscans and between Spanish and Portuguese trading interests.
Trading interests soon interfered with the empire's alliance with the maritime powers of Britain and the Dutch Republic.
During the seventeenth century, the Dutch Republic was transformed into a leading political power in Europe, with global trading interests.
"Booker McConnell have had extensive trading interests in the Caribbean for more than 180 years," Mr Berger said.
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