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Morgan Stanley To Take $1B Loss In MBIA Settlement

By Derek Hawkins · December 13, 2011, 1:29 PM EST

Morgan Stanley said Tuesday it would take a $1.2 billion post-tax loss this quarter to settle litigation with MBIA Inc. over Morgan Stanley's mortgage-backed securities and end the bank's involvement in...

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Morgan Stanley To Take $1B Loss In MBIA Settlement

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