"He has been terminated for conduct inconsistent with our values and in violation of our policies", said a spokesperson.
The woman alleges Ford continued to contact her after the incident, and she eventually requested he cease contact, the report states.
Ford issued a statement to multiple media outlets that denies any allegations and threatens legal action against the bank as well as the person who made the allegations against him, who Ford describes as a news reporter.
"In regards to news today, This simply did not happen", Ford said. "I have never forcibly grabbed any woman or man in my life", Ford wrote.
On the night of their meeting, she says she was left so frightened by how he "grabbed" her that she asked a security guard in the building they were in for help.
Ford strongly denied the allegations in a statement, writing: "I support and have tremendous respect for the fearless women now speaking out in this important national dialogue". "False claims like this undermine the real silence breakers".
In an interview with CNBC, Singer said Ford was notified through counsel that he had been fired.
Former Congressman Harold Ford Jr guest lecture on nonprofit board
"The inference to be drawn is that there is no reason, and of course we know that there is no reason", he said.
An email to Morgan Stanley wasn't returned and Ford couldn't be reached immediately for comment.
At Morgan Stanley, he was tasked with 'managing relationships with corporate directors, senior executives and institutional investors, as well as private clients'. He served until 2006, when he ran a failed Senate campaign.
Ford regularly appears on MSNBC's "Morning Joe", where now-disgraced political reporter Mark Halperin was also a frequent guest.
Since leaving Congress in 2007, Ford has worked for two financial services companies, first for Merrill Lynch and then Morgan Stanley, which he joined in 2011 as a managing director.
Disclosure: NBCUniversal is the parent company of NBC, MSNBC and CNBC.