Morgan Stanley will pay $950 million to further get free from government aid

On Thursday Morgan Stanley reported that it had agreed to pay $950 million to the US Treasury as it wants to redeem warrants to buy its stock, freeing it from the government's bank bailout program. In June the global financial services provider also repaid $10 billion that it had borrowed from the U.S. Treasury's Troubled Asset Relief Program. As is known many US companies were eager to pay back government funds so as to get rid of tough scrutiny that came with the taxpayer money.

In an official statement Morgan Stanley CEO John Mack said that the company appreciated the "critical role" the government played in stabilizing the banking industry and financial markets "at a moment of unprecedented crisis."

Morgan Stanley also reported that including dividends, it has now paid the government $1.26 billion, a 20 percent annualized return on its investment last fall.