Tag Archives: Morgan Stanley

An independent monitor declared that Morgan Stanley is off to a "good start' toward fulfilling its consumer relief obligation under the terms of a February 2016 RMBS settlement.

Under a settlement with federal and state regulators in connection with mortgage-backed securities practices, Morgan Stanley has begun to fulfill its consumer relief obligations.

Following a difficult first quarter, Morgan Stanley welcomed the news that the investment banking firm’s net income rose substantially and beat expectations.

Morgan Stanley became the latest financial firm to see its profits drop off in the first quarter. What drove the decline?

Goldman Sachs will release its earnings statement for Q1 on Tuesday, April 19. How much will the recent $5 billion settlement affect the firm's profits?

The investment banking firm is the latest to agree to a settlement with the government to resolve claims of misrepresenting the quality of mortgage-backed securities sold to investors in the run-up to the crisis.

The FDIC claims the investment banking firm sold toxic residential mortgage-backed securities to three failed banks.

No more burdened by legal expenses that plagued them in 2014, both Morgan Stanley and Bank of America saw major year-over-year boosts in net income.

The NCUA said it plans to continue to pursue litigation in federal courts against financial institutions based on the sale of faulty RMBS that caused five corporate credit unions to collapse.

Morgan Stanley reported net revenues of $7.8 billion for the quarter ending September 30, 2015, compared to net revenues of $8.9 billion from the same reporting period a year earlier. Net income applicable to Morgan Stanley for Q3 was also down from a year ago, from $1.7 billion at the end of Q3 2014 ($0.83 per diluted share) to $1.0 billion at the end of Q3 2015 ($0.48 per diluted share).