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Tag Archives: Morgan Stanley

Morgan Stanley’s deep secret is now revealed

Here’s a little secret the Federal Reserve Board doesn’t want you to know. On Sept. 24, 2008, while financial markets were collapsing, Morgan Stanley borrowed $3.5 billion through the Fed’s oldest lending program, the 98-year-old discount window.

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Missouri finalizes buybacks of securities

Financial firm Morgan Stanley bought back $103 million worth of auction-rate securities from Missouri investors, the Secretary of State’s Office said Wednesday. The firm also paid $216,552 to the Missouri Investor Education and Protection Fund. The amount constitutes Missouri’s share ...

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IPO lawyers seek $245 million of $586 million accord

Lawyers for investors who won a $586 million settlement from banks such as Morgan Stanley and Credit Suisse Group in a lawsuit over initial public offerings of technology stocks want $245 million for themselves. The plaintiffs’ lawyers are seeking $195 ...

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McGraw-Hill CEO says court judgment was misunderstood

McGraw-Hill Cos. Chief Executive Officer Terry McGraw said stock investors had a “tremendous misunderstanding” of a court judgment last week. U.S. District Judge Shira Scheindlin in New York rejected ratings companies’ arguments that investors can’t sue over deceptive rankings of ...

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JPMorgan, banks to halt foreclosures for three weeks

Citigroup Inc., JPMorgan Chase & Co., Bank of America Corp., Morgan Stanley and Wells Fargo & Co. agreed to suspend foreclosures while the Obama administration crafts a housing plan to modify mortgages for troubled borrowers. Citigroup will halt foreclosures through ...

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