02:16 PM EST, 12/13/2024 (MT Newswires) -- Morgan Stanley ( MS ) is nearing a deal to buy about 900 million euros ($945 million) in Spanish mortgages from Banco Santander (SAN), Bloomberg reported Friday, citing people with knowledge of the matter.

The banks are finalizing the terms of the sale, the people reportedly said.

Neither Morgan Stanley ( MS ) nor Banco Santander immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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