Morgan Stanley dragged into Brazil bank fight: report

(Reuters) - Brazilian authorities want investment banking giant Morgan Stanley to return about 113 million reais ($54 million) associated with a stock sale by shareholders of troubled lender Banco Cruzeiro do Sul, which was seized by the central bank this month, Folha de S.Paulo newspaper reported Sunday.

Morgan Stanley Says Latin America May Slow With Global Recession

(Bloomberg) -- Growth in Latin America may see a "significant slowdown" if the U.S. and Europe return to recession, even though the region's economies are in a good enough financial shape to avoid a crisis, Morgan Stanley said.

"It may be too early to pronounce a global downturn, but there is little doubt that Latin America can't escape without seeing its growth path suffer," Morgan Stanley said in a report today.