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Morgan Stanley drops employee claim

Morgan Stanley HQ

Morgan Stanley said it will drop its remaining claims in a lawsuit against Joseph 'Chip' Skowron after a federal judge ordered the former fund manager and convicted inside trader to repay $31m in compensation.

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Top C Suisse trading exec said leaving bank

Dan Mathisson, the executive who helped build Credit Suisse into an electronic-trading powerhouse over the past decade, plans to leave the bank at the end of next month, according to people familiar with the matter.