Morgan Stanley cut earnings estimates for all the transportation companies it covers on Tuesday, citing rising insurance costs. It continues to believe the truckload space will be the most impacted as large jury verdicts remain a threat.
Tag: Morgan Stanley
Morgan Stanley to Pay $249M to Settle U.S. Trading Fraud Charges
Morgan Stanley will pay $249 million to settle civil and criminal charges connected to stock trades where it disclosed key information that it promised to keep confidential, US authorities announced Friday.
Morgan Stanley to Buy E-Trade for $13 Billion
Morgan Stanley is buying E*Trade Financial Corp., a $13 billion deal that will reshape the storied investment bank and firmly stake its future on managing money for regular people. The all-stock takeover, announced Thursday, will combine a Wall Street firm in the late innings of a decadelong turnaround with a discount broker built on the… Continue reading Morgan Stanley to Buy E-Trade for $13 Billion
Morgan Stanley to Pay California $150M Over Mortgage Crisis Claims
More than a decade after the mortgage crisis blew a hole in the United States economy, banks and prosecutors are still sorting out the tab for the damage. The latest reckoning came on Thursday, when Morgan Stanley agreed to pay $150 million to settle claims by the State of California that it misled investors about… Continue reading Morgan Stanley to Pay California $150M Over Mortgage Crisis Claims