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Federal Reserve says no objections to Morgan Stanley capital plan

Published 03/02/2017, 04:53 PM
Updated 03/02/2017, 05:00 PM
© Reuters. FILE PHOTO - Corporate logo of financial firm Morgan Stanley in New York, New York
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WASHINGTON (Reuters) - The Federal Reserve on Thursday said that it will not object to a fresh capital plan Morgan Stanley (NYSE:MS) submitted to the central bank.

In June, the Fed faulted the investment bank for not having a satisfactory capital plan and asked for a new proposal.

© Reuters. FILE PHOTO - Corporate logo of financial firm Morgan Stanley in New York, New York

"The Federal Reserve Board on Thursday announced that it will not object to a resubmitted capital plan from Morgan Stanley, as a result of progress made by the firm in addressing deficiencies," the central bank said in a statement.

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