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HKMA grants a restricted banking license to Bank Morgan Stanley AG

The Hong Kong Monetary Authority (HKMA) has granted a restricted banking license to Bank Morgan Stanley AG (BMSAG) under the Banking Ordinance.    BMSAG is incorporated in Switzerland.  It is a wholly-owned banking subsidiary of Morgan Stanley Smith Barney, a joint venture between Morgan Stanley and Citigroup Inc.  After the granting of a restricted banking license to BMSAG, the number…

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