US banking giant Morgan Stanley sees net income more than halved by heavy legal fees relating to mortgage-backed securities. Fourth quarter earnings for 2013 were $433m (£263m), or 20 cents a share, down from $982m a year earlier. The bank's legal expenses were $1.2bn. The results round off a we
```
Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```

Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp