Morgan Stanley settled a nationwide class-action sex discrimination lawsuit in the US, bringing to an end a two-year tussle with 2,700 female employees.

The lawsuit, bought in 2005, alleged about 2,700 current and former Morgan Stanley female brokers and trainees who worked for the bank's global wealth management group were not given the same business opportunities as men. The suit encompassed women brokers who worked at the bank starting in August 2003.