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Morgan Stanley posts Q3 net loss

Last Updated 20 October 2010, 14:40 IST

The bank reported a net loss of $91 million, compared with a profit of $498 million a year earlier. Morgan Stanley reported income from continuing operations of 5 cents, down from 50 cents a year ago.

The firm also announced it was restructuring its ownership of FrontPoint Partners LLC, its hedge fund unit.

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(Published 20 October 2010, 14:40 IST)

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