Morgan Stanley Ousts FX Traders as It Probes Concealed Loss

Nov.29 — Morgan Stanley fired or placed on leave at least four traders over an alleged mismarking of securities that concealed losses of between $100 million and $140 million, according to people with knowledge of the matter. Bloomberg Opinion columnist Elisa Martinuzzi has the details on “Bloomberg Markets: European Open.” The views expressed are her own. …read more

Source:: Yahoo Finance

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