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Thursday, 12/15/2011 3:16:50 AM

Thursday, December 15, 2011 3:16:50 AM

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Morgan Stanley Settles on $1.1 Billion Charges against MBIA ..........Morgan Stanley (NYSE:MS) decided to surrender insurance claims versus MBIA Inc (NYSE:MBI) in reutrn for a $1.1 billion payment from the poor insurer, snapping a two-year legal battle over guarantees on mortgage bonds.

Source Link: http://www.usamarketvoice.com/latest-happenings/7539/morgan-stanley-settles-on-1-1-billion-charges-against-mbia.html
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