MBIA (MBI) Jumps on Morgan Stanley (MS) Settlement
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MBIA Inc. (NYSE: MBI) is jumping 7 percent in pre-open trading following the announcement of a comprehensive settlement with Morgan Stanley (NYSE: MS).
Morgan Stanley said the pre-tax loss on the settlement will approximate $1.8 billion ($1.2 billion after-tax) in the current quarter.
Morgan Stanley said the pre-tax loss on the settlement will approximate $1.8 billion ($1.2 billion after-tax) in the current quarter.
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