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Tag Archives: Morgan Stanley

Morgan Stanley paying $275M to settle charges

WASHINGTON (AP) — Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis. The Securities and Exchange Commission announced the settlement ...

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Moody’s, S&P settle lawsuits over debt ratings

NEW YORK — Ratings agencies Standard & Poor’s, Moody’s and investment bank Morgan Stanley have settled two lawsuits dating back to the financial crisis that accused them of hiding risky investments. The lawsuits from King County in Washington state and ...

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Morgan Stanley to cut 1,600 jobs

NEW YORK — The investment bank Morgan Stanley plans to cut about 1,600 jobs, nearly 3 percent of its workforce, a person familiar with the bank said Wednesday. The cuts will focus on senior ranks at the bank. About half ...

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Morgan Stanley facing discrimination lawsuit

NEW YORK — Morgan Stanley is being accused of discriminating against black homeowners and violating federal civil rights laws by providing strong incentives to a subprime lender to originate mortgages that were likely to go unrepaid. The lawsuit, which seeks ...

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Morgan Stanley settles with MBIA

NEW YORK — Morgan Stanley said Tuesday it has reached a settlement with insurance company MBIA Inc. over disputes involving mortgage-backed investments. It was the latest sign that banks are working hard to clean up their balance sheets by getting ...

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