Almost exactly a year after Morgan Stanley agreed to pay $2.6 billion to close the books on a Department of Justice investigation related to it role in the subprime mortgage crisis, the company is set to pay another $3.2 billion to settle federal and state allegations that it deceived investors in toxic mortgage-backed securities. Morgan Stanley employees were accused of misleading investors about the quality of the residential mortgages that were tied to these securities.

BING NEWS:
  • Morgan Stanley CD rates of April 2024
    Morgan Stanley offers four certificate of deposit (CD) options, with some of the most competitive rates on the market and terms ranging from three to 11 months. To purchase one, you must work with ...
    04/17/2024 - 1:00 pm | View Link
  • Morgan Stanley stock soars after blowout first-quarter earnings under new CEO Ted Pick
    Investors on Wall Street were bullish on Morgan Stanley after the investment banking ... New assets climbed to $95 billion, with around half of those coming from family offices.
    04/16/2024 - 11:03 am | View Link
  • Morgan Stanley profit beats estimates with higher investment banking, wealth revenue
    Morgan Stanley reported ... rising mortgage rates a concern 5:20 PM UTC · Updated ago Financecategory Walmart-backed fintech One launches 'buy now, pay later' services, source says 5:16 PM ...
    04/16/2024 - 6:18 am | View Link
  • Morgan Stanley Traders Rally Past Estimates as Profits Jump
    Morgan Stanley’s traders delivered first-quarter ... Revenue from the trading business came in at $5.33 billion, cruising past analyst estimates and following the blowout earnings from Goldman ...
    04/16/2024 - 3:48 am | View Link
  • Morgan Stanley profit beats estimates as investment banking rebounds, wealth grows
    Morgan Stanley's first-quarter profit beat estimates on Tuesday, fueled by a resurgence in investment banking and growth in wealth management, sending shares up 1.8%. Investment banking revenue ...
    04/16/2024 - 2:44 am | View Link
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