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Thursday, August 21, 2014

Deutsche Bank sells North American natgas book to Morgan Stanley -source, (NYSE: MS)

Duetsche Bank has sold its North American natural gas trading book to Morgan Stanley , a source familiar with the deal said on Thursday. Deutsche Bank declined comment in an email to Reuters, while spokespeople for Morgan Stanley were not immediately available to comment.

Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 0.58% or $0.19/share to $32.73. In the past year, the shares have traded as low as $25.25 and as high as $33.60. On average, 8295890 shares of MS exchange hands on a given day and today's volume is recorded at 1517440.