Morgan Stanley Takes MBIA Hit, Still Beats Street Call
- Thursday, January 19, 2012, 23:57
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A day after rival Goldman Sachs recorded a tough fourth quarter, Morgan Stanley booked a loss for the last three months of 2011 owing to a $1.7 billion hit from a previously announced settlement with bond insurer MBIA.
http://www.forbes.com/sites/steveschaefer/2012/01/19/messy-fourth-quarter-from-morgan-stanley/
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