Filed under: Morgan Stanley (MS)

Morgan Stanley (NYSE:MS) will take a $3.7 billion write-down from the firm’s U.S. subprime-related exposures, according to MarketWatch. The company ended its fiscal third quarter with $12.3 billion in U.S. subprime-related balance sheet exposures, representing $10.4 billion in net exposures at Aug. 31. As of Oct. 31, Morgan Stanley had net exposure of $6 billion.

Douglas A. McIntyre is an editor at 247wallst.com.

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