Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Morgan Stanley to Pay $150 Million to Settle California Crisis-Era Mortgage Charges

Video Credit: Wochit Business - Duration: 00:43s - Published < > Embed
Morgan Stanley to Pay $150 Million to Settle California Crisis-Era Mortgage Charges

Morgan Stanley to Pay $150 Million to Settle California Crisis-Era Mortgage Charges

According to Reuters, Morgan Stanley will pay $150 million to settle charges that it misled two large California public pension funds about the risks of mortgage-backed securities they bought in the years leading up to the 2008 global financial crisis.

California said Morgan Stanley, who has denied any wrongdoing, overstated the quality of subprime loans from lenders.

The bank was also accused of failing to remove poor-quality loans from those securities.

0
shares
ShareTweetSavePostSend
 

Morgan Stanley to Pay $150 Million to Settle California Crisis-Era Mortgage Charges

MONDAY, AUG.

24, 2015, FILE PHOTO MARCH 1, 2017, FILE PHOTO AUG.

12, 2014, FILE PHOTO OCT.

18, 2011, FILE PHOTO MONDAY, JULY 17, 2017, PHOTO




You Might Like


Recent related videos from verified sources

Lowe's Sinks On Plethora Of Issues [Video]Lowe's Sinks On Plethora Of Issues

Lowe's shares fell early Wednesday after the company reported first-quarter earnings. The North Carolina-based retailer cut its full-year adjusted earnings-per-share outlook. The first-quarter miss was..

Credit: Wochit Business     Duration: 00:38Published

Tesla Stock Continues To Struggle [Video]Tesla Stock Continues To Struggle

According to Reuters, Shares of Tesla Inc were on track for a fifth straight session of losses on Tuesday, as Morgan Stanley analysts outlined a worst case scenario that could see the electric..

Credit: Wochit Business     Duration: 00:42Published

Morgan Stanley Gives Valuation On Tesla Stock [Video]Morgan Stanley Gives Valuation On Tesla Stock

Early Tuesday, Tesla shares fell after Morgan Stanley's auto analysts adjusted their bear case for the stock. The analysts were led by longtime Tesla-watcher Adam Jonas. They cut their worst-case..

Credit: Wochit     Duration: 00:33Published

Arnold Schwarzenegger Won't Press Charges Against Kicker [Video]Arnold Schwarzenegger Won't Press Charges Against Kicker

A man appeared to try to drop kick the former California governor in South Africa over the weekend. DeMarco Morgan and Jasmine Viel reports.

Credit: CBS2 LA     Duration: 00:41Published

World's Most Expensive Coffee Now Being Served In Southern California [Video]World's Most Expensive Coffee Now Being Served In Southern California

Ten pounds of the exclusive Elida Geisha 803 is being split between Klatch Coffee Roasters' stores in Southern California. DeMarco Morgan reports.

Credit: CBS2 LA     Duration: 00:50Published

California Flower Mall To Stay Open 24 Hours Through Mother's Day [Video]California Flower Mall To Stay Open 24 Hours Through Mother's Day

Friday also happens to be Mexican Mother's Day. DeMarco Morgan reports.

Credit: CBS2 LA     Duration: 00:17Published

California Highway Patrol Closes Highway for 10 Hours to Help Man in Crisis [Video]California Highway Patrol Closes Highway for 10 Hours to Help Man in Crisis

California Highway Patrol is defending its decision to close Highway 99 for 10 hours to help a homeless man who going through a mental health crisis.

Credit: KTXL     Duration: 01:43Published

Citadel Has Grabbed Major Exec From Morgan Stanley [Video]Citadel Has Grabbed Major Exec From Morgan Stanley

Citadel has acquired a top quants executive from Morgan Stanley. Business Insider reports that according to people familiar with the matter, Glen Popick, formerly the global head of fixed-income strats..

Credit: Rumble     Duration: 00:29Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.