Morgan Stanley and BAML take down Cerberus Brexit risk

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Morgan Stanley and BAML take down Cerberus Brexit risk

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A red houses sitting on a coins, with a pen and calculator to symbolize house finance in the U.k. | Ian Milburn/spectrumblue - Fotolia

Bank of America and Morgan Stanley’s European ABS trading desks have taken on the risk of Cerberus’s refinancing of the Granite portfolio, subscribing on Friday for classes 'B' to 'F' of the giant deal.

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