Morgan Stanley (MS) finally unloads its Indian wealth-management unit, inking a deal to sell the...

|About: Morgan Stanley (MS)|By:, SA News Editor

Morgan Stanley (MS) finally unloads its Indian wealth-management unit, inking a deal to sell the business to Standard Chartered (SCBFF.PK) for an undisclosed amount. Morgan started the unit amid an economic and stock market boom in India in 2008, but things haven't panned out as hoped.