Morgan Stanley must pay $4.5 mln to Citigroup's Banamex unit -panel

Reuters

Aug 15 (Reuters) - Morgan Stanley & Co Inc must pay $4.5 million to Citigroup's Banamex unit which alleged the firm had allowed funds in a family's trust account to be used to repay third-party loans without its authorization, according to a ruling on Friday.

A Morgan Stanley spokeswoman declined to immediately comment.

(Reporting by Suzanne Barlyn; Editing by Meredith Mazzilli)

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