Morgan Stanley is making a boatload of cash lending money to rich people -- and it's just getting started (MS)

Yuri Gripas/Reuters Morgan Stanley's wealth-management business produced record revenue in the third quarter. Most of its clients are very wealthy — its CEO says 98% of assets come from people with more than $100,000 at the bank. A growing opportunity is to lend these rich people, who often have illiquid assets like real estate or business equity, more money. Morgan Stanley reported third-quarter earnings this week and landed a solid beat with earnings of $0.93 a share, higher than expectation...