Rumor has it Morgan Stanley (MS) will begin repaying its $10B in TARP money tomorrow, at which...

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

Rumor has it Morgan Stanley (MS) will begin repaying its $10B in TARP money tomorrow, at which time it says it will cease issuing FDIC-backed debt. In an interesting note today, analyst Dick Bove notes banks paying off TARP in Q2 will incur hefty charges; by his calculations MS will pay $1.00/share.