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2012-04-20 — bloomberg.com
Morgan Stanley (MS), owner of the world's largest brokerage, said its net exposure to five of Europe's most-indebted nations was $2.41 billion, down from $3.06 billion in January.
Morgan Stanley's net exposure to the five countries -- Greece, Ireland, Italy, Portugal and Spain -- was $4.01 billion before hedges, according to figures posted yesterday on the New York-based bank's website. Net exposure to France rose to $4.14 billion from $1.71 billion as of Dec. 31.
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