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Morgan Stanley (MS) has asked two bankers to leave after distribution of an e-mail that was critical of Singapore and cost the firm's former chief economist in Asia , Andy Xie, his job.

Singapore-based equity saleswoman Celicia Ong and Hani Abuali, a proprietary trader in Hong Kong were asked to resign after they forwarded the e-mail. The e-mail was marked internal and shouldn't have been sent to anyone outside the bank.

Xie was critical of Singapore calling it an economic failure dependent on illicit money from Indonesia and China. He left New York-based Morgan Stanley on Sept. 29. No one at Morgan Stanley will comment on the email.

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