In the meantime, Reuters reports that Morgan Stanley is trying to halt a securities arbitration case filed by a Facebook investor who blames the firm and other companies for $1.9m in damages stemming from the social media giant's botched initial public offering.
Finally, the news agency also reports that Morgan Stanley has launched the sale of its India private wealth management unit, which manages about $1bn including loans, after entering the highly fragmented and competitive market just four years ago, sources with knowledge of the matter said.
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