Lawyers

• Morgan Stanley Admits Wrongdoing In $8 Million Lawsuit; Change Its Executive

  Morgan Stanley has settled the lawsuit and admits its fault in its offer of single inverse ETF investments to its clients.

• Federal Reserve corrects "living will" letter to Morgan Stanley

  The Federal Reserve corrects a letter it sent to Morgan Stanley regarding its "living will," which is a plan showing to regulators that they can go through bankcruptcy without cost to taxpayers.

• UBS Settles Toxic RMBS Lawsuit With NCUA For $69.8 Million

  UBS AG has agreed to pay $69.8 million to NCUA in settling a lawsuit centering selling of faulty residential mortgage based securities. Prior to that, Royal Bank of Scotland, Barclays, Wachovia, Morgan Stanley and other accused financial institutions have also settled respective lawsuits with NCUA. However, all the settlements have taken place through realization of incurred losses from the faulty RMBS products.

• Netflix Hailed As The Best Video Streaming Industry By Morgan Stanley

  Netflix took the crown and got the number one spot on Morgan Stanley's sixth annual survey for the video streaming industry. Netflix's original content draws more subscribers and retain existing ones.

• Morgan Stanley releases new memo on moving executives into new roles

  Morgan Stanley is restructuring the investment management business by moving executives into new roles.

• Morgan Stanley Settles, Agrees to pay US$ 63 Million on Mortgage-Bond Suit

  Morgan Stanley pays US$ 63 million settlement on suit over mortgage suit arising from acquistion and failure of three small banks following the 2008 financial crisis.

• Goldman tentatively agrees to pay $270 million to settle lawsuit: source

  Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter.

• European banks face $52 billion in litigation costs: Morgan Stanley

  Royal Bank of Scotland and Barclays may have to pay some of the biggest bills from an estimated $52 billion in fines and other litigation costs facing Europe's banks in the next two years, Morgan Stanley analysts said.

• Rosneft expansion thwarted by U.S. veto on Morgan Stanley deal

  The ambitions of Kremlin-controlled oil champion Rosneft to boost its global reach have been reined in by U.S. authorities, which torpedoed its acquisition of a Morgan Stanley oil trading business.

• Morgan Stanley may face legal claims from U.S. government: filing

  Morgan Stanley said on Tuesday it is responding to potential legal claims from government entities, including the U.S. Department of Justice and several state attorneys general over mortgage securities.

• Morgan Stanley to resolve Fannie May, Freddie Mac securities sale fraud with $1.25 B settlement.

  The latest settlement Wall Street bank Morgan Stanley entered into with the Federal Housing Finance Agency has forced the financial institution to increase its allocation of litigation costs to $1.2 billion.