Arab Today, arab today morgan stanley to pay 26bn to settle mortgage bond probe
Last Updated : GMT 20:16:35
Arab Today, arab today
Arab Today, arab today

Morgan Stanley to pay $2.6bn to settle mortgage bond probe

Arab Today, arab today

Arab Today, arab today Morgan Stanley to pay $2.6bn to settle mortgage bond probe

Morgan Stanley
New York - AFP

Morgan Stanley said Wednesday it had reached a preliminary agreement with the Justice Department to pay $2.6 billion to settle a probe into its marketing of mortgage-backed securities.
The settlement resolves claims the civil division of the Justice Department "indicated it intended to bring against the company," Morgan Stanley said in a securities filing.
The investment bank previously described regulatory probes as focusing on the bank's packaging of securities linked to subprime and non-subprime residential mortgages ahead of the housing bust and financial crisis.
The probes focused on issues including "the Company's due diligence on loans that it purchased for securitization, the Company's communications with ratings agencies, the Company's disclosures to investors, and the Company's handling of servicing and foreclosure related issues," the bank said in a November 2014 filing.
On Wednesday, Morgan Stanley trimmed its 2014 earnings from continuing operations by $1.35 per share from the $2.96 per share previously reported in light of the settlement.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today morgan stanley to pay 26bn to settle mortgage bond probe Arab Today, arab today morgan stanley to pay 26bn to settle mortgage bond probe

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today morgan stanley to pay 26bn to settle mortgage bond probe Arab Today, arab today morgan stanley to pay 26bn to settle mortgage bond probe

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday