Morgan Stanley (MS) is in talks to sell its Indian wealth management business to Standard...

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

Morgan Stanley (MS) is in talks to sell its Indian wealth management business to Standard Chartered (SCBFF.PK), reports Bloomberg. Morgan was reported several months ago as looking to unload the struggling unit. StanChart wii perhaps give it a go in a market where so many others have failed.