Wed Jun 4, 2008
MOSCOW, June 4 (Reuters) - Morgan Stanley, which closed its mortgage business in Britain and slashed lending elsewhere, is still investing in its fast-growing Russian mortage bank, the bank's co-president was quoted as saying in a newspaper interview.
The unit doubled its mortgage portfolio to $450 million last year, Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) co-president Walid Chammah told Vedomosti in an interview published on Wednesday. http://www.reuters.com/article/bondsNews/idUSL0437080420080604