Goldman, Morgan Stanley pay $557M in mortgage case
Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
View ArticleRegulators propose stricter rule for 8 big banks
Federal regulators took a step today toward making eight of the largest U.S. banks meet a stricter measure of health to reduce the threat they pose to the financial system.
View ArticleS&P 500 pushes further into record territory
Strong earnings from big U.S. companies helped push the Standard & Poor's 500 index further into record territory today.
View ArticleWine production dip doesn’t concern local vendors
Wines that have become staples to menus, bars and palates may not be as readily available, and that could mean higher prices for consumers.
View ArticleMorgan Stanley’s earnings are hit by bond trading slump
Turbulence in global markets hit Morgan Stanley's business particularly hard in the third quarter, sending the bank's earnings down 42 percent, well short of analysts' estimates.
View ArticleMorgan Stanley to pay $3.2B over contributors to ’08 crisis
Morgan Stanley will pay $3.2 billion in a settlement over bank practices that contributed to the 2008 financial crisis, including misrepresentations about the value of mortgage-backed securities,...
View ArticleMorgan Stanley fires Harold Ford Jr. for misconduct
Morgan Stanley on Thursday fired former Congressman Harold Ford Jr. following allegations of misconduct.
View ArticleMorgan Stanley’s profits fall 59 percent due to tax bill
Morgan Stanley's earnings fell 59 percent in the fourth quarter, the company said Thursday, as the investment bank had to book $990 million in charges related to the new tax law.
View ArticleMorgan Stanley to buy E-Trade for $13B
Investment bank Morgan Stanley announced it would buy the online brokerage E-Trade for roughly $13 billion, one of the biggest deals on Wall Street since the financial crisis.
View ArticleNew fund aims to close disaster relief gap for multifamily owners
Louisiana has been named one of three states eligible to receive funds from a new program aimed at providing quicker relief to owners of multifamily buildings after natural disasters.
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