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Empresas y finanzas

Morgan Stanley posts fourth-quarter loss due to settlement


    (Reuters) - Morgan Stanley lost money in the fourth quarter due to a big charge related to a legal settlement, and said revenue declined across all of its trading, banking and brokerage operations.

    The Wall Street bank lost $275 million, or 15 cents per share, compared with earnings of $600 million, or 41 cents per share, a year earlier.

    The latest results included a loss of $1.7 billion, or 59 cents per share, related to a settlement with MBIA Inc , announced earlier.

    (Reporting By Lauren Tara LaCapra; editing by John Wallace)